About vat and st on residencial flats
Bhushan
(Querist) 27 May 2013
This query is : Open
I have purchased a flat in Nagpur (MS) registered
(sale-deed) on 27.06.12. Right now I am residing in the flat. Before
the sale-deed I have not registered the agreement to sale. It's just
done on 100 Rs. stamp paper.
Now, my builder is asking to pay 1% VAT and 3.09 (appx) % Service
TAX. to him for giving the possession letter. He has not yet issued
the letter for that, but he is asking orally. There are a no. of
incomplete works (power back up/borewell/mutatinon in Corporation from
his side.
We have paid all the dues except VAT and ST.
We have not yet formed the society of our apartment. WE are here 25
-flats in the scheme.WE are paying monthly common expenses/bills like
common meter for water/lift power/ payment of supervisor/
Please advice us. What to do? now. What are the correct laws regarding
it.Please guide.
