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Home > Forum > Mumbai > Buying property > Palm beach residency- VAT on property

Palm beach residency- VAT on property

Q: How the 5% VAT amount was arrived at.
We need breakup of 5% VAT.

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Replies (5)
1
Hello, I have read one article in this website about the VAT on the property. I am sharing the link with you, if you are interested you can check the link CAs urge to levy 1% VAT in Maharashtra. Still i will request you to wait of the court order
Anuj Gupta


2
It is mandatory for all buyers to pay the VAT & Service Tax as requested by the developer as this has to be paid by developer to the govt. You can ask the builders or developers for a breakup of the amount.
Ashish Sharma


3
The recent VAT on real estate in Maharashtra is creating confusion for all the property buyers.
Sandeep Mhatre


4
Hello Ashwani, VAT on flats registered between 20/6/2006 to 31/3/2010 must be paid as directed by builder. After April 2010, VAT under 1% composition is followed. Before April 2012, service tax is 2.575%.
Ravi Waghmare


5
Hello, Is the builder asking for 5% VAT on property? Can you be more precise about it?
Ramesk Polekar


6

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