Is buyer liable to pay VAT + Interest?

Q: Received letter from DB asking for VAT plus 15% interest. Is the interest amount is really liable to pay by the buyer?

M, Apartment Resident, Mumbai

9th September 2012

Legal in DB Orchid Ozone, Dahisar East, Mumbai

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Replies (8)

Has anyone received letter from DB from VAT payment and if you have received have to seen that the VAT amount is quiet high.

Mohammed Irfan Khatri,

16th October 2012

Comment

Will wait till the DB provides us the calculation of VAT

M, Apartment Resident, Mumbai

13th September 2012

Comment

Have you received??

Mohammed Irfan Khatri,

16th October 2012

I just spoke to DB and the work is completely stop due to workers issue and the demand for slab payment won't come for upcoming one more month

Mohammed Irfan Khatri,

10th September 2012

Comment

Check this link too, VAT on Construction cost or agreement value whichever is lower.

M, Apartment Resident, Mumbai

10th September 2012

Comment

So what do we do now that DB has sent a letter to collect vat which we are not liable for as their initial offer letter did not contain any VAT but just contained disclaimers on tax liability? The commissioner says it should be clearly mentioned in the link.

Pawan , Bangalore

10th September 2012

Here is the link for clear picture....

Mohammed Irfan Khatri,

10th September 2012

Comment

It is clear from the legal letter in the annexure that we have to pay. My question is the amount of VAT to be charged on underconstruction property is 2.5% for buyers who registrered in 2010. However, the demand is for 5% without any breakup of amount to be paid. Can someone help on how much of VAT is liable by which registration date. This will help in assessing how much really needs to be paid at the end of the month when they issue the demand letter.

Pawan , Bangalore

10th September 2012

Comment

Me too received the letter but not sure when to pay can some1 assist me.

Thanks
Abhishek.
Bldg 30.

Abhishek , Apartment Resident

9th September 2012

Comment

Even I received the letter...but payment on VAT interest is still unclear. As they have mentioned that they MAY ask for interest depends on the court verdict.

Mohammed Irfan Khatri,

9th September 2012

Comment

Even I received the letter...but payment on VAT interest is still unclear. As they have mentioned that they MAY ask for interest......depends on the court verdict.

Mohammed Irfan Khatri,

9th September 2012