Complaint on Ahad Builders, Bangalore Silver County.

Q: 1.After the budget they have increased the Vat and service tax. It's not that they should not increase, but then now they are charging Vat and service tax on registration amount also. They are charging servie tax on Vat also.
2. After budget they have increased service tax from 2.6% to 4.06% which actually should be 3.09% (Govt has increased service tax by 2% only)
3. They are charging both the taxes on Car parking and maintenance deposit, ideally they should be charged only on the Construction cost.
4. They are charging new Vat and service tax on the complete amount irrespective of the amount paid in last financial year.
Beware before booking a flat. All these things have happened even you have signed an agreement way before.
I hope respective Govt. bodies also reading this unfair costing and will take a proper action.

Unknown, Bangalore

14th April 2012

Builder Review in Bangalore

unfair costing

increased taxes

wrong calculation

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Replies (5)

I was planning to book an apartment in Ahad - Pearl and been told by locals from around that it is build up on Government land and they haven't bought it. Not sure, but can some one advise me please how can I cross verify this claim before booking the apartment?

Vineet, Apartment Resident, Bangalore

9th December 2013

Comment

Verify about the builder track record, if possible visit some of their completed projects and also try visit Ahad Pearl site and check. Check few of the real estate forums if anything is mentioned about the same.

Sagar Prasad, Bangalore

27th May 2015

how is the builder in rates negotiation? i'm planning to book an apartment in a new project...

DPS, Apartment Resident, Bangalore

27th June 2013

Comment

bro madhav dis might help
>Service tax collected @Rs 2.60% for payment made by us till March 2012.
>Service tax collected @4.06% for payment made by us after 1st April till date.
>The Builder also advised us to buy registration d.d’s from self funding otherwise there will be service tax on this amount also as per the govt rule is service tax will be calculated. On all the gross receipt made by the builder and he further clarified that the pattern of calculation as follows:
Total Amount Received -x
Less; Land Cost-y
Less:65% Abatement-z
Chrgs -A
Balance amount-MNOP
Balance amnt on which 12.33%or4.06% s calculated servicetax payable to builder.The same s remitted to gov fr which showd us d monthly Challans.Wich absolutely satisfied us.we r happy to purchase frm AHAD BUILDERS PVT LTD

kamlesh, Bangalore

11th July 2012

Comment

We are group of people who have purchased in Silver County. we are having very smooth transaction with builder regarding service tax. we had our own doubts after March the collection pattern was changed for which we approached the Builders and these are his explanation which not only satisfied us but we also confirmed the calculations with our known people working in service tax department & Commercial Tax department.

kamlesh, Bangalore

11th July 2012

Comment

This is completely unfair to charge for the payment which is already done. This is a new way for looting money from buyers. I was looking for booking a flat in Silver Crown but will not go due to builder's this unethical practice.

Manav Gupta, Apartment Resident

15th April 2012

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