i have booked a flat in reliance residency in ambernath -e.

Q: I have booked a flat in reliance residency in ambernath -e.do i have to pay vat and service tax? if so, then how much?it is not clear to me whether to pay cash or cheque.

hemant.
reliance residency palle village, near shiv mandir, ambernath -e

Hemant Barge,

16th February 2013

Legal in Thane

vat and service tax

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Replies (3)

HI all,
It i not true. As usual the tax initiative is finally falling on the buyers who will be taxed eventhough it sounds as a direct take from builders.Why is the Govt so not transparent abou this and what does make them play different ways of answering a simple taxation which needs a question answer way to be dealt

Ketalpujara, Mumbai

3rd June 2015

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Hi Mr Barge, I agree with Mr Ravi and want to add more.. VAT is payable on the sale of under-construction flats. It is mandatory for all buyers to pay. Service tax is payable by builder on collection/advances received from the buyers & the VAT is needed to be payable at the time of registration of the said property. If the above two amount is pending or paid late then there shall be a penalty along with the interest on the late payments.

Suraj Kalled, Pune

18th February 2013

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