Q:I have also invested in the Oh My God Project and have requested for a refund due to financial commitments but i am not able to get a positive response yet. Its been getting postponed . How to proceed plus a huge cancellation penalty policy is being briefed to me.
Latest Answer: Hi,
I have verified that project and found that SBI & LIC have approved so hopefully it has all NOCs in place. But my sincere advice to you to do verification yourself through an advocate. LIC or SBI check should not be the reason for you to rely totally upon their check. You are the buyer and if you are satisfied by your checks go ahead. I would think twice seeing thread and approach road etc. There may be the people hire by some other builders to write negative about others.
Q:I am planning to purchase a flat from the land owner which he got it as his share from builder. The flat is ready to move and also the building got Occupation Certificate from the Gram Panchayat. He is saying that VAT is not applicable as this is owner's share but asking me to pay the sales tax of 3.25% on total value. As i was searching for this, i got to know that service tax and VAT are not applicable on ready to move flats. Request help on this
Latest Answer: If you are buying a ready to occupy flat; in case the builder has developed the project to 100% & obtained the occupancy certificate for the same before selling it to you, it is a product being sold. There is no service component involved in this and hence you don't have to pay any service charges. And if it is a product (and not a service) then should you be paying VAT (Value Added Tax) on it? Short answer is 'NO'. VAT is not applicable for immovable goods. So. in your case no Service Tax and VAT is applicable.
Latest Answer: Hi,
I am interested in this Ashar Sparkle in Thane and need some information about it. Is the price they are asking for 2 BHK includes super built up area or covered area or floor area ?