Vat issue for flat in pune
Nilesh
(Querist) 14 October 2013
This query is : Resolved
Hi,
A sale deed for a flat was cancelled with mutual agreement between two parties after staying for around 4-6 months. And then same flat sold on higher rate to another buyer by the builder. All 3 deeds (1st sale and cancellation deed of 1st deed and then another sale deed) of same flat were done before getting completion certificate. In this case, should the taxes like VAT be applicable on old agreement value or new one ? as for new buyer it was a not a under construction flat but a ready possession flat and moreover not a fresh or completely new flat, as some one already stayed in it for few months. Please clarify on this and also let me know if some legal document/reference available in such cases. Flat in Pune, Maharashtra
Regards, Nilesh
ajay sethi
(Expert) 15 October 2013
what were the terms of agreement executed between parties?
