Hi All,
I entered into a Tri Party Agreement(Bank, Builder and Buyer) and bought an Under Construction Flat, Now i am asking for registration of Flat and Builder is charging me Extra VAT and ST as 4 and 2.5 % respectively, There wasnt any Construction agreement but we had ONLY sale agreement and according to the sale agreement i need not pay any VAT and ST(Cost Sheet/Booking Sheet doesnt say about this, but now he is charging me, So
Agreement Date - Jan 2010
Actual Flat Possession Date - Dec 2010
Current Status - Not Giving Possession still
1.How can i find if the Real Estate company is registered for taking VAT taxes from Buyers?
2. The receipts which they had issued me earlier didnt had VAT number on that. and on request to they dont Provide me the VAT number, But asks me to pay VAT amount before registring the FLAT.
3.This VAT amount was NOT mentioned in my Sale Agreement ealier.
4. What is this ST(Service Tax ) and on what it should be applied? I didnt had any construction Agreement done, i had only Sale Agrrement, but still am i liable to pay VAT and ST?
Property is in Bangalore