tag:blogger.com,1999:blog-5269558537262232516.post5937211238007595451..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Pune Flat Owners United Against VATRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-5269558537262232516.post-22102884973120290022015-08-28T11:49:07.500+05:302015-08-28T11:49:07.500+05:30dear sir, I purchsed flat in 2009 , the agreement ...dear sir, I purchsed flat in 2009 , the agreement value is 11 lacs, from 2012 & onwards builder is sending demand letter for VAT. He is asking to pay total 78000 INR for VAT. So pls tell me exactly what amount should I pay ?Anonymoushttps://www.blogger.com/profile/05771318567750761393noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-43226805183893492222015-08-27T18:32:02.614+05:302015-08-27T18:32:02.614+05:30Dear sir I purchased flat at Chakan Pune in Mar 20...Dear sir I purchased flat at Chakan Pune in Mar 2010. From 2012 to tll 2015 builder is sending me the demand letter for VAT payment. He is sending letter through Advocate, till date he has sent 4 to 5 letters. But I ignore till today. But today he called me asking for amount around 78000 INR(my agreement value is 11 lacs.) Pls suggest me exactly what amount shall I pay to builder?Anonymoushttps://www.blogger.com/profile/05771318567750761393noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-29984566893607689062013-08-15T18:48:51.506+05:302013-08-15T18:48:51.506+05:30Hi,
I want to purchase a resale flat which i...Hi,<br /> I want to purchase a resale flat which is still under construction. The original investor has paid vat and service tax. Do I again need to pay vat and service tax as the property is still under constriction.rakeshhttps://www.blogger.com/profile/18060908046841103927noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-72864017164883689762013-06-04T22:48:49.225+05:302013-06-04T22:48:49.225+05:30Hi Ravi- kindly reply on the queries from buyers w...Hi Ravi- kindly reply on the queries from buyers who purchased the ready possession flat from builder during first quarter of 2011(in my case got got possession of flat in march last week some time in 2011) As this was a pre furnished flat and builder had to provide me tube light, modular kitchen etc, which needed some time to install after flat was registered to me around Feb 2011.<br />now i got first notice from builder on ST and VAT after an year- am i really liable to pay these taxes? i am confused over i got a house where people had already started living there do i still need to bear this? or it should be builder?- please reply.rajanihttps://www.blogger.com/profile/02277648288793145173noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-72131390758970836252012-12-11T12:41:51.207+05:302012-12-11T12:41:51.207+05:30I purchased a ready possession flat in Jan 2012, c...I purchased a ready possession flat in Jan 2012, completion date of the flat is 24, Nov 2012. Now i got a notice from builder to pay VAT amount. Am i liable to pay VAT?Ashish Nayyarhttps://www.blogger.com/profile/11367508407138586748noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-14551144863710557372012-12-03T08:11:06.344+05:302012-12-03T08:11:06.344+05:30Dear Pratap, First owner should pay the VAT. Not y...Dear Pratap, First owner should pay the VAT. Not you. However, please, talk to Ms. Seema Bhakare 98603 68123 / Ms. Veena Dixit--98196 60991Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-41844258512544046792012-12-03T04:00:14.612+05:302012-12-03T04:00:14.612+05:30Hi Ravi, I brought a resale flat after it was comp...Hi Ravi, I brought a resale flat after it was completed and the builder has sent me notice to pay the VAT tax now. Am I suppose to pay it? I brought the flat in Aug 2010. Please advisePrataphttps://www.blogger.com/profile/03762967582690742680noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-89745587492257569382012-10-31T16:50:03.043+05:302012-10-31T16:50:03.043+05:30Dear All,
No need to be Panic about the MVAT payme...Dear All,<br />No need to be Panic about the MVAT payment as a END User / Flat Owner to the builder....<br /><br />You can view the FAQ"s at the following link<br /><br />http://www.indiantaxhome.com/2012/10/asic-information-about-tax-on-developers.html<br /><br />Also in case of difficulties you can take help of legal professionals, like advocates, Chartered Accountants for intricacy and clauses interpretation, as mentioned in your agreement, also for the correspondence of the builder/developer/their advocates with you.<br /><br /><br />Saiprasad Bagrecha<br />www.bagrechaassociates.com<br /><br />www.indiantaxhome.comSimply Indian Taxhttps://www.blogger.com/profile/10073359439678527014noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-37768935612312686392012-10-31T14:23:05.923+05:302012-10-31T14:23:05.923+05:30Hi,
My name is Anjallee. Panic, is the current st...Hi,<br /><br />My name is Anjallee. Panic, is the current state of mind for all flat purchasers I should stay. Jitki manse titke advices.<br /><br />So basically I need clarity on the following common questions:<br />(a) In my case I entered into an agreement in May 2009. But the builder had sold the flat to the Investor who in turn sold it to me. So technically I bought a resale flat.Although in terms of user I am the first owner. Will the obligation change in such case?<br /><br />(b) If my agreement is silent on the obligation to pay VAT, can I push back?<br /><br />(c) What is the status of the petition that you had filed before the Bombay High Court for burdening the flat purchasers with vat?<br /><br />Rgds,<br />Anjalleeanjalleehttps://www.blogger.com/profile/18330795641732761545noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-72822421057970512752012-10-27T13:08:35.754+05:302012-10-27T13:08:35.754+05:30It is the builder's responsibility to pay VAT ...It is the builder's responsibility to pay VAT on due date to the government. So why are flat owners getting so concerned? <br />Like it is written above in the article, the builder has to complete all formalities like giving conveyance to the society, showing details of VAT Paid to the Government(calculations and VAT paid Receipts) etc before he asks society members to reimburse him.<br />If society members pay in advance then the builder may not refund the excess amounts collected in case he pays less VAT than collected, so it is better the builder pays VAT first and then asks for reimbursement. Vikram Waman Karvehttps://www.blogger.com/profile/00290102473130246523noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7406143566042496262012-10-26T23:27:59.668+05:302012-10-26T23:27:59.668+05:30Hi Ravi,
I have purchased my flat in 2011, which ...Hi Ravi,<br /><br />I have purchased my flat in 2011, which was ready possession. Do I need to pay VAT on this?<br /><br />Also, builder is saying that last date is 27th Oct. After this date you will be charged five times. Is this valid? I know that date for paying tax to builder is 31st Oct. But what if I do not pay tax[if required] before it?<br /><br />Thanks,<br />HritikaHritikahttps://www.blogger.com/profile/15680229938787870878noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-8974760917480514102012-10-26T19:39:27.309+05:302012-10-26T19:39:27.309+05:30Certainly, the construction of your flat is comple...Certainly, the construction of your flat is complete. No VAT on your flat, Shiva. Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-22474016281366101182012-10-26T15:54:28.033+05:302012-10-26T15:54:28.033+05:30Hi Ravi,
I purchased my flat in August 2007 in a ...Hi Ravi, <br />I purchased my flat in August 2007 in a fully constructed building. There were people staying in the same building where couple of flats were vacant. I purchased one of those vacant flat. So does this mean that this is a ready possession flat? Am I supposed to pay the VAT which the builder has charged me at 5%?<br /><br />Thanks<br />Shiva shivuhttps://www.blogger.com/profile/17841342100832123379noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-67592962520891261442012-10-26T11:09:47.859+05:302012-10-26T11:09:47.859+05:30Thank you Ravi! I will talk with them.Thank you Ravi! I will talk with them.Yogeshhttps://www.blogger.com/profile/12126871457950626269noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-90479685918125186352012-10-26T08:30:52.423+05:302012-10-26T08:30:52.423+05:30Yogesh, please, talk to Ms. Seema Bhakare 98603 68...Yogesh, please, talk to Ms. Seema Bhakare 98603 68123 / Ms. Veena Dixit--98196 60991Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-13524703214217954302012-10-25T17:01:22.771+05:302012-10-25T17:01:22.771+05:30I made agreement on 05 Sep 2009 and have a demand ...I made agreement on 05 Sep 2009 and have a demand letter dated 11 Sep 2009 from builder demanding balance amount and mentionining that my flat construction is complete and ready for possession. Is it enough to prove that flat was ready for possession and I am not eligible to pay VAT?<br />Appreciate your comments.Yogeshhttps://www.blogger.com/profile/12126871457950626269noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-70968974214667510282012-10-25T13:29:02.931+05:302012-10-25T13:29:02.931+05:30Yes, Abhi.Yes, Abhi.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-62588476848385372232012-10-25T13:28:39.330+05:302012-10-25T13:28:39.330+05:30Builders are tax collection agents of Maharashtra ...Builders are tax collection agents of Maharashtra Government!Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-54126396350671867442012-10-25T12:14:47.574+05:302012-10-25T12:14:47.574+05:30I made agreement in Dec 2011 and had to pay VAT @ ...I made agreement in Dec 2011 and had to pay VAT @ 1 % of Agreement Cost in same month. The Builder demanded the 1% VAT amount on his name. I stood by my stand that VAT needed to be paid to Govt. so why we should give cheque on His name... but all in vain.. Buildres office mentioned that they will pay collective TAX to govt. in one go after collecting from all flat owners.<br />PuneInvestorhttps://www.blogger.com/profile/13775716582380815967noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-26023434879549815662012-10-25T00:29:07.552+05:302012-10-25T00:29:07.552+05:30So does this mean that the person who bought the p...So does this mean that the person who bought the property under construction need to Pay the VAT?Abhihttps://www.blogger.com/profile/07568025269275676820noreply@blogger.com