I am selling my owner share apartment In the reputed project in Hyderabad want to know about Legal and tax framework ?

Q: Hi, I have a land and given it for development and got my share of apartment allowed to me and i am selling it in open market at discount rate than developer, i got response from a buyer and now this is my first deal and i want to know about the legal frame work and tax issues like shall i need to pay service tax and VAT if yes then shall i need to collect it from the buyer and what percent Please help me thank you.

Srinivas reddy, Apartment Resident

30th March 2015

Legal in Aparna Cyber Life, Nallagandla, Hyderabad

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Hi, you can sell your share of apartment at any cost without any approval but as per ST and VAT is cooncern you have to pay by yourself but as you said that you are offering in low cost so in good will you can demand to pay ST and VAT on your behalf and closed the deal.