Ashish (XYZ) 25 February 2014
Dear Sir,
I purchased my flat in year June 2011 and building was ready possession. I received my flat possession in the month of Nov 11 as it took time for loan approval.
The builder has not given the possession letter/NOC till now although we are staying in the flat. The builder has not received the OC/Completion Certificate. The builder has not even handed over the society to us.
Please let me know do we need to pay VAT and Service Tax.
With regards,
Ashish Tomar
Ashish (XYZ) 25 February 2014
My agreement value of the flat in pune is RS. 36,59,325/-. and I did agreement for purchase of flat in year 2011.
In my case as it will attract both VAT (on the value of the material i.e. brick, steel, cement etc., used in the execution of the construction) and Service Tax on the value of the labour and services involved in construction.
Please let me know how to come to know how much is the vat on the value of the material used for construction and service tax on the value of the labour and services involved in construction as the builder does not give breakup of material and Service used in construction.
OR
VAT and Service Tax will be calculated on the agreement value then it will be how much?
Regards,
Ashish Tomar
Ashish (XYZ) 25 February 2014
My agreement value of the flat in pune is RS. 36,59,325/-. and I did agreement for purchase of flat in year 2011.
In my case as it will attract both VAT (on the value of the material i.e. brick, steel, cement etc., used in the execution of the construction) and Service Tax on the value of the labour and services involved in construction.
Please let me know how to come to know how much is the vat on the value of the material used for construction and service tax on the value of the labour and services involved in construction as the builder does not give breakup of material and Service used in construction.
OR
VAT and Service Tax will be calculated on the agreement value then it will be how much?
Regards,
Ashish Tomar
Ashish (XYZ) 25 February 2014
The completion certicate of my purchased flat in pune in year 2011 is not received till now, and all flats are sold out in 3 years time gap (sold out started from year 2009 to year 2012) so all owners have to pay VAT and Service Tax or this will not be applicable to flat purchased before year 2011. Pls confirm whether rule will be applicable common to all owners or it will vary?
With regards,
Ashish Tomar
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