I am from Chennai and interested in venturing buying a New Flat in CBD Area. It is JV Property.
The Builder (Developer) is asking Service Tax and VAT.
a) Please confirm how much % age is applicable and how it has been calculated.
b) Also, one of the residents(owner) is interested to sell his flat (newly built) to me directly. Does it attract Service Tax and VAT ( as same like Builder/ Developer).
c) Does any Lawyer (Specializes in Real Estate) can assist me during the course of this transaction ( Drafting, Reviewing the documents and Registration Process in CBD area etc.). If yes, please contact me with details.
Thank you in advance.
