iDiscuss – Century Indus

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Pl let me know about this project and builder..

recently Discussed with a Sales executive of Builder for this project and understand that VAT and SERVICE TAX is charged on complete sale value i.e.,

VAT(4% of basic)& Service Tax(4.944% of basic)
Registration and Stamp Duty as applicable (6.6% at present)        WHERE AS most of the builders are charging VAT and Service tax on Material and construction cost and Regn charges on land(undivided Portion)>

He says this is the statutory needs and needs to complied..If so how its different for Others,,Can some one clarify Pl

asked June 20, 2013
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ROOPA
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3 Answers

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I can throw some light on Tax part. when you consider tax should be only on  Material and construction cost then it should be calculate as 12.32% plus some more additional cess also.

So for simple calculation, Build calculate tax 4.94 only on base price and car parking.

I have booked flat in Phase-II and can share if you need some more information.

 

Thanks

Harish

 

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harry
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Hi Harish / Roopa,

Need urgent help, I am planning to book a flat in ohase 2 but the delay about the phase 1 is making me scared. Can you please send your details either email ID or phone number at .

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Shree
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Finally some good news for Century Indus… they have almost close to completion of phase 1 and will start the phase 2 in May and June and all the prices can go up after this election…

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Shree
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