Increase in service tax rate will make property expensive: Realtors

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Increase in service tax rate will make property expensive: Realtors 
23-May-2015

Increase of service tax from 12.36 per cent to 14 per cent from June 1, 2015, will increase the cost of property, believe real estate developers. For instance, a property costing up to Rs 1 crore, service tax will increase from 3.09 per cent to 3.5 per cent. The developers contended that this will adversely affect property demand which is already lesser than the supply....


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