Value added tax on purchase of flat at navi mumbai in 2009

Upendra P Sinha (Querist) 11 August 2013 This query is : Resolved
I have purchased a under construction flat at Navi Mumbai and the sale agreement (Value Rs. 50 Lacs)was registered in Jun 2009.
Kindly let me know the amount of VAT applicable to be paid by the buyers to the developer. The developer has demanded 2.5% of the sale agreement value.
What is the amount required to be paid. What if the same is not paid. Please advise.
Thanks & Regards

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Rajendra K Goyal (Expert) 15 August 2013
You may visit for information to :

http://www.moneylife.in/article/vat-on-sale-of-under-construction-flats-in-maharashtra-all-you-need-to-know/29442.html

Moneylife » Personal Finance » Consumer Interest » VAT on sale of under-construction flats in Maharashtra: All you need to know

Raj Kumar Makkad (Expert) 19 August 2013
Rajender has rightly guided you.

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