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Rajesh Tambde (Sr Engg)     05 June 2014

How much vat applicable on flat purchased in 2010

Hi

My self Rajesh 

I purchased flat in Ghatkopar Mumbai My agreement value is 22,00,000 in 2010. i have few Question in my mind

1) Who will pay VAT.

2) If i have to Pay, How much VAT amount on 22,00,000.

3) If any issue related VAT where to Put RTI or what to do????

4) if I want NOC form builder and he deny for same then what to do?????



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     09 June 2014

Maharashtra government passed a notification where in they have imposed VAT on sale of under construction property along with land or interest in land all the residential property purchased on and after 1.4.2010. Since this notification is brought by state government it

applies to all the transaction executed and registered in the state of Maharashtra. This is not something new, as most of the people thin, earlier (before 1.4.2010) the rate of VATax was 5% but the amount of land was to be deducted now it has made 1% including cost of land. To


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