I had booked a flat with a respected builder in our area one year back.
the project was estimated to be completed on jan 2017 but now the builder is saying that there is a dealy in the project and he will not able to complte the project on time.
so i asked him to return my booking amount of around 3 lakh 14 thousand and he agreed.
but now he is saying that he will deduct around 10,000 rs as service tax.
is that correct ??
and is there a provision in law which say the builder should pay interest on the downpayment if he is not able to compelete the project on promised time.