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What is the present Central sales tax rate in India? Also
let me know the maxium and minium sales tax rate in India.
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Answer Posted / s. joseph
It is 2% if 'c' form shall be given by buyer. If not it shall be same rate of VAT applicable in that state
| Is This Answer Correct ? | 22 Yes | 7 No |
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I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
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