cpc

query for vat on resale flats

Software Engineer

Hello, i have query regarding the current VAT issue.

I am purchasing a resale (i will be third owner) flat. The first owner has purchased it from builder in 2008.

1. Builder is asking me to pay the VAT, am i responsible for same ?

2. The second owner who is selling the flat to me, wants a clause to be put in sale deed that, "Second owner is not responsible for VAT that will be claimed". Will it cause a problem later ?

3. Has such back dated (2006 - 2010) VAT rule been legally passed till date ?

My Analysis - VAT is the question of first owner or the builder, and neither second owner or me should worry about same. Please confirm.

 
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Advocate

yes, vat is applicable only for the 1st buyer of the property. it is not a retrospective tax. so you need not worry.

 

Regards,

Advocate Rohit Dalmia

9324538481

Mumbai


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