-
-
-
Services
-
-
-
More
-
POSTED BY ON October 16, 2012 4:28 pm COMMENTS (3)
Hi Guys,
I have got a question regarding calculation of VAT and service tax on underconstruction flat in Bangalore. There is so much of confusion about this calculation and most of the time builders make fool of the customer. Requesting Manish and other expert members of the forum to put some light on this.
Also if I am buying a flat which falls under land owner’s share, how much VAT is applicable (if there is any) ?
Regards,
Aditya
2021 © Jagoinvestor.com All Right Reserved
Hello Manish,
I saw that post and that post does not answer my question. That’s why I posted this question. The situation is that project is still under construction but the flat comes under land owner’s share (Since around 80% of construction is done, I have done only sale agreement and not construction agreement). In that case if I am buying that flat from land owner, do I need to pay any VAT/Service Tax?
I hope this will further clarify the situation.
Regards,
Aditya
I dont not have much idea in that case. I think the right place to ask this would be http://www.indianrealestateforum.com/ . It has some amazing bunch of communities !
Aditya
From a past thread on same topic , here is Ashal’s reply
In case of already contructed property & for which, the occupation certificate is already provided in 2009, VAT & servicer Tax can not be charged for such resale property. Who ever is asking you to pay is making fool of you.
http://localhost/jagoforum2/vat-srvice-tax-on-property-post-occupation-certificate/4930/