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Gift deed

(Querist) 19 November 2015 This query is : Resolved 
Hi,
My question is one lady Mrs. "x" got a flat as gift from her brother. (Her brother and father are land owner and they got some flats due to Joint development with one of the builder in Bangalore)

The property is registered as GIFT DEED now. If I am buying the flat from her. Do I need to pay any service tax and VAT for the flat. Because when I go to any builder they include Vat and service tax as a separate component while calculating the price .

I know a bit that i have to pay the registration cost .
Babu Narayanan (Expert) 19 November 2015
You need not pay VAT & Service Tax as the same is applicable only when you purchase flat from the builder.
Rajendra K Goyal (Expert) 20 November 2015
VAT and service tax are not payable in the given case, probably this may have been included in sale price.


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