Clarification on vat
srinath
(Querist) 11 February 2013
This query is : Resolved
Hello sir/madam,
I have purchased a flat measuring 1367 sft.
Now the builder has sent a letter to all owners saying we are liable to pay a VAT of 8.5% which is calculated as {( BASE PRICE X Builtup area) + car parking } * 8.5%.
We have around 80 flats in the apartment and nearly 60 flats have been sold and the builder is charging each & everyone owner at a flat rate of 8.5% only.
When we requested for providing the break-up, he simply replied in negative saying he cannot give any breakup and whatever is demanded is to be paid.
even on rough calculation, the builder will be collecting more amount as VAT than what he has actually paid.
Now the question is Can we ask for a break-up of VAT paid by the builder to the Contractor. or can we, the owners approach the CA who has calculated the amount/Rate of VAT for necessary clarification.
pl. clarify.
Thanks,
srinath.
Raj Kumar Makkad
(Expert) 12 February 2013
You have every right ti get the break up as well the the copy of receipt of VAT deposit so that its authenticity may be duly judged.
