binay kumar 08 July 2016

Service tax of flat

i have made an agreement for a flat with a builder in ranchi. But the builder sold the flat to her wife with a registered deed in her name. i filed a case with police . now the builder wants that the said flat will be registered to me by her wife. Should i have to pay service tax & vat oon the flat while registering as being asked by the builder

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2 Replies

balas (Chartered) 09 July 2016

Hi,

As you will be buying the flat and transfer of property is by another individual to you for which an sale agreement will be executed, ( and not betwen the builder and you), service tax / vat are not applicable.

Balaji Srini FCA., LL.B.

Ms.Usha Kapoor (CEO) 25 September 2016

Builder has committed Breach of contract. In place of original contract he brought alteration, novation and rescission of the contract and breach. Hence it is up to you to accept the alteration,. novation and opportunity of rescisiion the econtract, So either you accept the alteration or novation and agree to buy from his wife instread of builder.If you appreciate thi sreply p0lease click the thank you button on this forum.