Dear Respected Sir,
Can you please help me in providing your valuable inputs.
This is regarding the extra charges being imposed by the builder
I have purchased a FLAT in Jan 2010 with Possesion Date of Dec 2010.
My agreement says only to pay 49,11,500/ + (Flat Charges + Maintenance Charges) and 2,00,000/-( Registration+Stamp Duty+Legal Charges) . NowI am asking for registration of the flat and the builder is asking to pay extra Govt. Levies@ 6.5% of 49,11,500 (i.e 3,19,248/-) which is not a part of my agreement. Also he is charging me the late payment charges of 2,06,628/- which is because disbursement got delayed from BANK. The builder did not send any demand letter to the bank to disburse the amount and there was no progress in the construction.The disbursement was on date basis and not on SLAB completion. The builder planned the dates in agreement in such a way that he knew the Bank processing would delay in disbursing the payment and he is now charging me...Till date he didnt turned up saying i need to do the late payment charges but now he is asking me....
My Agreement was done - Jan, 2010
Actual Flat Possession Date was - Dec,2010 (Still Not Given)
Current Situation - Not yet giving Possession Date and demanding more money
Answer my questions inline to my commments please...
Please let me know
1. What are 6.5% charges? Builder says the 6.5% charges are Govt Levis
2. As my Agreement was done in Jan, 2010 but still am i liable to Pay the VAT and Service Tax?
if so what should be the break up?