Vat on flat purchase

skn (Querist) 30 August 2012 This query is : Resolved
Sirs,

What are the consequencies if the VAT payment refused to pay to builders? (In Mumbai)
What are the legal option he can opt?

How the 5% of VAT to pay when the land and labour cost involved in the flat purchase.

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ajay sethi (Expert) 30 August 2012
if you refuse to pay under agreement builder will charge you interest and file recovery proceedings as per terms of contract

skn (Querist) 30 August 2012
Sir,

As per my understanding VAT is on immovable property and the land cost the labour charges not be included in the flat valu for pricing.
In the case is the 5% VAT justifiable?

skn (Querist) 30 August 2012
Sir,

As per my understanding VAT is not on immovable property and the land cost the labour charges not be included in the flat valu for pricing.
In the case is the 5% VAT justifiable?

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