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 Amount
2.VAT it is 5% on Total Value , i,e = 35,00,000/- .
The Best way to Calculate Service Tax & Vat is 9.5% of Total Cost Rather Getting Confused Yourself.

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