VAT payment for resale property

Q: Hi,

I bought a resale flat in Jan-2011. The building was completed in Sep-2009 and had Occupancy certificate. Previous owner bought the flat from builder. Now Maharashtra govt has notified for VAT payment at 5% for the property built between 2006 to 2010.

I am not the person who bought the flat from builder, rather bought from the first owner. So in case builder demands, am I anyway liable to pay VAT?

Tejas_mech@yahoo.com, Apartment Resident

18th September 2012

Legal in Pune

vat; 2006-10

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Replies (2)

I would suggest you to take advice from your legal expert in this matter.

Pranab, Mumbai

21st September 2012

Comment

Hi Tejas, I hope the previous owner will have to pay VAT.

charanjeet, Gurgaon

18th September 2012

Comment

VAT and service charges is not applicable in resale property... yes you have to give fee for transfer of property in your name..

Rohit Marathi, Pune

15th September 2015

Hi Rohit could you tell me which is the best location where I can get resale property in pune?

Pravakar Saxena, Pune

15th September 2015

@ pravakar
some of the good localities where you find resale properties such as Bavdhan, Wagholi, Baner, Kalyani Nagar, Prabhat Road, Talegaon, Manjri, Kharadi, Wakad and Magarpatta City.

Rohit Marathi, Pune

15th September 2015