Ravindra (PE) 22 August 2012
Hi All
Can anybody throw some light on the news coming in, that properties registered between 2006-2010 has to pay service tax and VAT.
1. How much it is ?
2. Who has to pay this- Builder or Flat owner ?
3. What is the time limit ?
4. What if you do not have any notice from builder/govt to pay this tax ?
5. Is there any tax rebate in income tax ?
Clarification on above points will be highly appreciable.
Regards
Ravindra
CA. Vikash Dwivedi (Chartered Accountant) 22 August 2012
read my clarification at below link
Ravindra (PE) 23 August 2012
Date : 23/08/2012
Hi Vikash
Thanks for the information, so according to your article, service tax has to be paid from 1.07.2010 and vat has to be paid from 1.04.2010.
But in Mahrashtra as per recent news, flat registered in between 2006-2010 are liable to pay VAT and service tax, is this true ?
Please reply.
Regards
Ravindra
raj (designer) 23 August 2012
Dear sir,
I have book(registration) flat in Thane (mumbai) Nov 2009
Now Buider is asking 5% of Vat and Delay payment of 2% on agreement value.
PLease advice me
The Vat is payable to Builder/devolopers or customers(who has purchased flat.)
And the builder is saying that Unti the vat amount is not paid he will not give me possesion letter. thaough I have given him total amount as per agreement.
There is no any claue in agreement about the Vat
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