Vat on flat purchase
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
Respected Sir/Madam
I have purchased a flat on 24/10/2007 registered on25/10/2007,
we have receive demand letter from builder on 17/09/2012 to pay 5% vat on purchase price to him that we didnot pay, now on 19/09/2012 we have received a letter demanding for 2% Vat on purchase price, with studying the information on this site I come to know that VAT is not applicable on ready possession flat , when I bought the flat it was ready possession ,we have architect letter stating the construction was completed on 29/08/2007 was 100% complete. the property in Thane Maharashtra.
so please advice us do I liable to pay vat on it If no do i need to give written feedback to developer
Your prompt response is highly appreciated
thanking in advance
It will be great if you can mail your answer on vivekdpatil@sify.com
I have purchased a flat on 24/10/2007 registered on25/10/2007,
we have receive demand letter from builder on 17/09/2012 to pay 5% vat on purchase price to him that we didnot pay, now on 19/09/2012 we have received a letter demanding for 2% Vat on purchase price, with studying the information on this site I come to know that VAT is not applicable on ready possession flat , when I bought the flat it was ready possession ,we have architect letter stating the construction was completed on 29/08/2007 was 100% complete. the property in Thane Maharashtra.
so please advice us do I liable to pay vat on it If no do i need to give written feedback to developer
Your prompt response is highly appreciated
thanking in advance
It will be great if you can mail your answer on vivekdpatil@sify.com
19 October 2012
Dear Sir, it seems to be you purchased flat from builder hence you are liable to pay vat.
19 October 2012
read this
https://www.caclubindia.com/articles/service-tax-and-vat-on-under-construction-flat-unit-14745.asp
https://www.caclubindia.com/articles/service-tax-and-vat-on-under-construction-flat-unit-14745.asp
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
Dear Sir
But the flat was in ready possession still i have to pay the vat?
But the flat was in ready possession still i have to pay the vat?
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