Worth buying

Review On Ahad Builders, Bangalore

We are group of people who have purchased in Silver County. we are having very smooth transaction with builder regarding service tax. we had our own doubts after March the collection pattern was changed for which we approached the Builders and these are his explanation which not only satisfied us but we also confirmed the calculations with our known people working in service tax department & Commercial Tax department.

Explanation:

> Service tax collected at the rate of Rs 2.60% for payment made by us till March 2012.

> Service tax collected at the rate of 4.06% for payment made by us after 1st April till date.

> The Builder also advised us to buy registration d.d's from self funding otherwise there will be service tax on this amount also as per the govt rule is service tax will be calculated. On all the gross receipt made by the builder and he further clarified that the pattern of calculation as follows:

Total Amount Received .xxxxxxxxxxxxxxx

Less; Land Cost ..xxxxxxxxxxxxxx

............................

Less: 65% Abatement xxxxxxxxxxxxxx

Charges .............................

Balance amount

............................

Balance amount on which 12.33% or 4.06% is calculated service tax payable to builder. The same is remitted to govt for which showed us the monthly Challans. Which absolutely satisfied us. we are happy to purchase from AHAD BUILDERS PVT LTD

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