Real estate service tax increase in India expected to dampen rising market

Discussion in 'India property' started by Nicholas Wallwork, Jul 23, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]A rise in the service tax on real estate completions in India is expected to have a temporary impact on sales, according to industry commentators.

    The service tax of 10.3% on 25% of the property’s value is being passed on direct by developers and means a buyer paying an extra 2.6% on projects under construction.



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