M Sabin Mathew TO 1 recipient Service tax on buying an under construction flat in bangalore https://www.taxtmi.com/forum/issue?id=5548 Buyer questioned a dual agreement allocation where VAT applied to 70% of basic price plus car park and Service Tax to 30% and other charges. Adviser explained Service Tax may be levied either on the service component of construction (labour plus profit on labour) or on a prescribed percentage of total consideration where the unit meets specified area or value thresholds. en-us Mon, 08 Apr 2013 20:16:35 +0530 Thu, 23 Jan 2025 15:57:41 +0530 TaxTMI RSS Generator M Sabin Mathew TO 1 recipient Service tax on buying an under construction flat in bangalore https://www.taxtmi.com/forum/issue?id=5548 Buyer questioned a dual agreement allocation where VAT applied to 70% of basic price plus car park and Service Tax to 30% and other charges. Adviser explained Service Tax may be levied either on the service component of construction (labour plus profit on labour) or on a prescribed percentage of total consideration where the unit meets specified area or value thresholds. Discussion-Forum Service Tax Mon, 08 Apr 2013 20:16:35 +0530 https://www.taxtmi.com/forum/issue?id=5548