Lodha demanding MVAT from Customers

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chinnaz (Querist)
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21 December 2010 I Book a flat in casabella from Lodha. I did my sales agreement on 23 march 2010. Now Lodha is demanding MVAT from us.
Registration before 01-04-2010 should pay 5% of the sale agreement, after that need to pay 1% of the sale agreement.
anybody please tell me, really do I need to pay or not.
Time of buying the flat they didnt even told me about this MVAT.

What is the meaning of MVAT.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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21 December 2010 Thats called WCT (Work Contract Tax).
You have to pay that tax.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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21 December 2010 yes you have to bear that though they should have told you about this on your request..

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chinnaz

chinnaz (Querist)
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21 December 2010 Thank you very much. But they did not inform me before. what to do now. If it is 5% I need to pay around 96,000 which is almost equal to my sale agreement and registration.