Vat on flat

Shivanand Rai (Querist) 16 September 2012 This query is : Resolved
I HAVE PURCHASED FLAT IN 2009 IN MOHEMMEDWADI PUNE 411060, WHAT % OF TAX SHOULD BE CALCULATED AND WHAT IS THE METHOD OF CACULATING TAX. WEATHER WE CAN AVOID VAT FOR OUR FLAT. OUR BUILDER HAVE ASKED THE VAT PAYMENT @ 5% VAT ON REGISTRATION VALUE

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ajay sethi (Expert) 16 September 2012
you cannot avoid vat on flat . in mahrashtra vat is payable in respect of trnsactions done for transfer of flats under construction after 20th June 2006 . if you had purchased flat after issue of completion certifcate you could have avoided VAT

Shivanand Rai (Querist) 25 September 2012
I HAVE PURCHASED FLAT IN 2009 IN MOHEMMEDWADI PUNE pin - 411060, OUR BUILDER HAVE ASKED THE VAT PAYMENT @ 5% VAT ON REGISTRATION VALUE. But are we in a position to ask builder to caculate tax by all three methods and whatever is lowest can be paid.

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