VAT tussle between builders, flat owners continues.
Q: VAT tussle between builders, flat owners continues. Did anyone sent query to DBRealty for VAT collected @5%, and as per government announcement it is between 1.5 to 3.5% maximum.
Then to take care of such issue there is consumer court and we all can register complain against the developer, and believe me it effective. or complain against developer in some of the property show like CNBC/NDTV etc. and the issue will be posted all over. Those who are in Mumbai can take care of such issue very effectively. please do reply back with suggestions and some one should take a lead and advise upon all of us together can make difference. if we keep quite they will take advantage of it.
I agree with you Shantanu, but the sales tax department has taken their hands off the problem saying that this has to be dealt between buyers and developers..
Hi.. even I had paid 5% as the builder was not ready to give possession.. The reason being, I didnt clear my dues. The Sales tax department has made it clear that VAT is charged on the materials used for construction and excludes land price and hence comes to 1.5 to 3.5% of the total value of the apartment.