[Resolved] Real Estate — Duties on Real Estate in Karnataka | |
Dear Sir / Madam, Regards Am in a fix as the apartments / flats in Karnataka come loaded with all levies- stamp duty, vat, service tax. 1. Stamp duty is fine : its an immovable good. 2. VAT : All builders charge a 4% VAT and Sobha Developers charges 8.75%. I wonder if they are at all required to charge it in the first place, two if they at all deposit it into government kitty ! Charging VAT along with Stamp Duty is fraudulent. 3. Service tax : why service tax ? Whatever logic is given; if construction and sale of flat is a service - then manufacturing and sale of TV, mobiles, ACs, printers should also be burdened with service tax and VAT ! Everyone wants to exploit the poor customers, but i hope you would answer my doubts and also raise it at the right platform. Thanks, Rohit Maroo Was this information helpful? | |
Oct 17, 2018 Complaint marked as Resolved Verified Support Sep 14, 2018 Imperia Structures Limited Customer Care's response not related to us ..
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Thanking you
yours faithfully
Michael S Baptist