Almost ready possession flat: service tax query

After apr 2010 any residential flat purchased in a underconstruction property where the oc is not received attracts VAT and S-tax . S-tax is only applicable in a underconstruction property. if u have purchased a ready property than the S-tax should not be applicable. In regards to Vat yes it will be payable. You can ask for S-Tax Challans from the builder for your flat.

Hello Sir,

I am Purchasing a Falt in Pune where building is ready for more than a year & This Flat was sample flat which builder has open for sales now. As OC has received but society formation is due in April. Builder told me that there would not be any VAT or Service tax on this property as OC has received.

But when i gone through agreement draft, Clause of "

When i have asked to Builder they said it is their standard format used for all other buyser who buyed flat at construction stage or before OC recieved. And they will use same format for me. Also added that if government claims this amount in future on flat sold after oc recived then I have to pay it.

Please guide me whether i amy need to pay these extra taxes in future?

Did I need to get changed agreement (seems difficult)

Hi 

I am builder & I have completed my project in pimpri chichwad. Part Completion certificate received

Now I want to Know Is vat and service tax applicable for customer ? .

I have asked CA he told applicable but customer is saying Not applicable .

Regards

Ajit Nandgude