James G, Apartment Resident, Mumbai
Posted Discussions
Posted Replies

Builder now demands that 5% VAT is payable on agreement
Q: I have booked a under construction flat in central suburbs in Mumbai and registered the agreement. The builder has now demanded that 5% VAT is payable on agreement value or market value, whichever is higher on agreements registered between 20th June 2006 and 31st March, 2010. Can any one throw some light and authenticate whether this is really payable. What about agreements registered subsequent to 1st April 2010, is VAT chargeable. Regards, James G

Latest Answer: As far as I know VAT is applicable for all sales deed..

Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!