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Applicability and Calculation of ST and VAT on Purchase of a Villa

Service Tax - Started By: - SASI CHATLA - Dated:- 3-1-2017 Last Replied Date:- 4-1-2017 - Dear Sir/ Madam,I have bought a Villa in the Year 2014 with a booking advance and later paid installments in Year 2015 and 2016 [ bank loan].During possession, .....

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14% for 2014 and 14.5 for 2015 and 15% for 2016 [since 1st June].Please advise, how to pay or negotiate on this.Thanks in advance.Regards,Sasi - Reply By KASTURI SETHI - The Reply = Yes. ST is applicable on Villa. This is covered under Notification N .....

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