December 2010

Indian Real Estate Forum by Farhan Rasheed A Real Estate Professional.

Welcome to Indian Real Estate Forum and News Blog of Farhan Rasheed , I work with Neo Homes Builders Currently as Marketing Manager .Indian Real Estate Bangalore Forum - Ask Questions, Get Expert advice and first hand  Bangalore Real Estate Forum - A transparent simple to use real estate and property discussion forum for Bangalore. Bangalore(Bengaluru)Apartments in BangaloreApartments for Sale in...

how to calculate service tax and vat for Under Construction apartments or flats in bangalore?

If You are Looking for an Under Construction Apartment or Flats you will always be asked to Pay Service Tax & VAT ,How do You Calculate the Taxes are Given Below:1.Service Tax is Calculated 12.3% of the 40% Portion of the Total Cost ex: Basic Cost = 30,00,000/- and other Charges is Say = 5,00,000/- so now 40% of 35,00,000/- is 14,00,000/- know apply 12.3% Service Tax on this Amount2.VAT it is 5% on...

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