Today - Tuesday, 30th October 2012, a day before the deadline for developers to pay the levy ends!
The Bombay high court is scheduled to deliver its verdict on the Maharashtra Government's decision to charge value-added tax (VAT) on under-construction buildings between 2006 and 2010 on Tuesday, a day before the deadline for developers to pay the levy ends.
"Ultimately, the burden will be on the middle-class taxpayers or buyer of flats," said a division bench of Justice D Y Chandrachud and Justice Rajesh Ketkar. The bench will start hearing the case at 9.30am, one-and-a-half hours before the court opens at 11am. Click to Read More
Mhada flats do not attract VAT: Tax, legal experts
Buyers who purchased under-construction Mhada flats in the past six years may not have to pay the value added tax (VAT).
Legal and tax consultants have told Mhada that its projects do not attract VAT. The reason: Unlike in private transactions, Mhada does not enter into any sale agreement with its buyers. Mhada issues allotment letter to buyers after it has received the entire flat cost in maximum three installments. Click to Read More
Related Stories:
1) Flat Owners Who Have Already Paid VAT Join the Fight!
2) 31st October Deadline is for Builders!
3) VAT - Questions & Answers
4) Pune Flat Owners United Against VAT
5) 'Builders confusing flat owners about VAT payment'
6) We refuse to pay VAT!
7) How to Refuse to Pay VAT
8) MCHI-Credai moves court against VAT
Feel free to call me:
I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 3 minutes!) Call 919860044110
If you like to chat, join me, RaviKarandeekarsBlogs on Google Talk.
Yes, my email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.
Join me on Google +
Subscribe for Free!
To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog
For my blogs on premium real estate projects in Pune, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group
No comments:
Post a Comment