“Currently we are collecting it from our customers which we don’t want to.Soon we will file a case at the national level,” Credai National Vice-President Prakash Challa told reporters.
He said the Service Tax would only escalate cost to customers. Challa said developers collect money either by charging 4.12 per cent of construction cost or by collecting 10.3 per cent from the overall saleable value. “We have spoken to our members and will soon file a case at the National level”, he said.
Published 27 July 2010, 15:36 IST