What are the tax applied when constructing a house?
Constructing a house can be a daunting task, especially when it comes to understanding the various taxes that are applied. It is crucial to have a clear understanding of the taxes that are levied during the construction process to avoid any legal complications. This article will discuss the various taxes applied when constructing a house, focusing on a Construction Company in Chandigarh . Sales Tax: Sales tax levied on the purchase of materials and goods used during construction. The sales tax rate varies from state to state, and it is currently 6.5% in Chandigarh. Therefore, it is essential to keep track of all the purchases made during the construction process and ensure the sales tax is paid accordingly. Service Tax: Service tax is another tax levied on the services provided during the construction process. This tax applies to both the contractor and the construction company. In Chandigarh, the service tax rate is 15%. The service tax applies to services such as architectural