I got my under construction home registered at nashik in February 2013.
Got completion in Nov 15.
Builder asking for VAT AND SERVICE TAX since date of agreement along with penal interest which is double than the actual VAT and service tax.
Please advise following :
1. Is the demand in order ?
2. Why didn't he collect during registration?
3.Can I get waiver of interest at least?
Thanx and regards
Col Maqsood Ali khan
Thanx for ur response.
I have paid stamp and registration charges in 2013 .
Builder is asking for payment of VAT AND SERVICE TAX with interest directly to the govt now.
I don't understand this.