I have purcahsed flat at badlapur. I have already paid the full agreement value to the builder. Now the builder is asking to pay the service tax and vat @ 1 % . I told him that the service tax case is the court of law . I will pay it ehenevr itis applicable but he is disagree with this.
I have boooked this flat on 01.02.10 and paid 20 % of agreement value to him at the time of booking. Now the building is ready and he is asking to take the possession of the flat. But before that clear the service tax and vat amt. . My agreement value is 9,50,000/-
So kindlly advice for the following.
1) is service tax & vat is applicable to me. if yes then waht is the percentage , tax amount.
2) what amt. i have to pay to builder as service tax & vat on greement value .
3) If i pay him by cash then what proof i have to take from builder
4) Kinldy send any notification , circular , judgement passed by any authority in this regard. I will show the builder this as a proof for paying the sevice tax and vat amt.
Regds
Umesh
CAclubindia
