Vat & service tax on under construction flat
Dev
(Querist) 30 November 2012
This query is : Resolved
My query is I have purchased the residencial flat flat in one of gram panchayat area in Pune, Maharashtra, registration date is 04-08-2011 agreement value is 15,91,650 and i am getting possession on December 2012.Builder has taken the 1% amount Rs.18106/- by cheque as VAT including interest 15% and he told me to pay service tax before possession.What should be ST and VAT applicable to me? Please suggest.
Second one is what documents should I ask to builder at the time of possetion
Thanking you...
Raj Kumar Makkad
(Expert) 30 November 2012
The VAT is different from State to State so it shall be better for you to get it personally enquire from the office of Sales tax department of Govt. of Maharashtra. You need to get registered sale-deed with copies of ownership/authorization/MOU of the builder over that area including all copies of NOCs issued by various authorities.
Dev
(Querist) 03 December 2012
Thanks Sir...
