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To pay a higher tax
Buyers now provide 4.5% service tax to developers, while 1% gives VAT and 6% stamp duty during the Registry. In this way, buyers have to pay about 11.5% tax on buying a house, but after July 1, the buyer has to pay 12% instead of service tax.
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Buyers now provide 4.5% service tax to developers, while 1% gives VAT and 6% stamp duty during the Registry. In this way, buyers have to pay about 11.5% tax on buying a house, but after July 1, the buyer has to pay 12% instead of service tax.
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