Service Tax & VAT from Builder (PATEL)

Q: Hi, Today I have received a letter from builder about Service Tax and VAT collection. Bit surprised as none of my other friends who have purchased a flat in different apartment has paid this. Do there is any such Govt tax or levi exists.

Manish Parganiha, Apartment Resident, Bangalore

24th April 2012

Home Loan in Patel Neotown Smondo 3, Electronic City Phase I, Bangalore

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I Spoke to them. But they are telling me some story. They are telling it had created problem in smondo ville thats why they are collecting it now itself from us. But this is supposed to be given to Govt and it should be given at the time of registration.
If we pay now simply that interest will go to builder.
He told me that they are fighting a case in Government for this. I did not understand that part very clearly.
Also he told me that if they loose case we have to pay interest from beginning.

Could anybody please explain me about this.

bhavani patil, Apartment Resident

7th May 2012

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Hi Bhavani,

If builder has agreed for accepting the same during possession, I think you also need to talk to the builder for making same applicable for you. Thank you

mukund,

4th May 2012

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Hi Manish,
Even I received the same notification. But I have heard that SMONDO VILLE people requested them and they are paying it at the time of possession. The builder has agreed for that.
Could you please tell me what you did about it ?

bhavani patil, Apartment Resident

4th May 2012

Comment

Hi Bhavani,
Still the discussion is going on in google group "http://groups.google.com/group/smondo3_neotown". Please join this group. I am presently undecided on this.

Regards,
Manish
E0304

Manish Parganiha, Apartment Resident, Bangalore

4th May 2012

Hello Manish, the builder has to collect Service Tax on under construction properties and the time for paying service tax depends on the project. For more details you can contact your legal expert and other buyers who booked flat on same project thank you.

Rakesh, Bangalore

25th April 2012

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