08-Dec-2013
Those purchasing a house have a reason to cheer. They can buy the property without having to pay any service tax for maintenance and repairs.
Flat buyers were required to pay 12% service tax as one-time maintenance fee to central excise department. Builders collect a one-time payment for maintenance and repairs of the property for a particular period post construction. The amount includes charges for lighting in the compound area, lifts and cleanliness. It is collected for a period until the residents form a housing society of their own.
Source:- articles.timesofindia.indiatimes.com
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