Vat & service tax
Sachin
(Querist) 08 August 2013
This query is : Open
I have purchased a flat in Pune in January 2010.The agreement date is 2 nd January 2010.I have made the payment of 20 lac rupees for the said flat by cheque on the same day.Builder has given me the possession letter on 4 th January 2010.I started using the flat after I received the possession letter. After that he has given me the occupancy certificate dated 29 th March 2012.On 7 th august 2013, he has given me the statement of vat+service tax+interest as follows :
Agreement value = 2000000 Rs.
Service tax = 61800 Rs.
MVAT = 56200 Rs.
Interest = 38216 Rs.
Total = 156216 Rs.
He has asked me to pay the entire amount by 20 th August 2013.
Please guide me in this regard.How much vat & service tax is applicable to me in this case as I have purchased a ready possession flat & builder has given me the possession letter first & then the occupancy certificate as mentioned above.
