I had made agreement for purchase of flat in maharashtra pune in march 2011. Builder had given demand for VAT payment @ 1% on agreement value of flat on Aug 2011. Builder had promised possession by Mar 2012. Builder is yet to give confirmation of date of possession.
- My question is can builder demand penalty for delay in payment of VAT vide demand letter for the same dt. Aug 2011.
- Is VAT required to be paid by buyer prior to getting possession of flat.
- Is buyer liable to pay penalty for delay in payment of VAT when possession of flat itself is delayed by builder (agreement states Aug 2011 as completion dt.)
Hoping for a clearcut answer to my above queries
Regards,
Arvind
