Complaint Details

Status	:	Closed
Complaint No	:	0002268/2012
Category	:	Real Estate
Date	:	13-09-2012
Subject Line	:	VAT and Interest component
Complainant	:	PRADYUMNA SATPATHY
Address	:	F-11, 1:4,SHANTIVAN CHS, SECTOR-7, SANPADA, NAVI MUMBAI
Complainee	:	Oberoi Reality
Address	:	Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off, Western Express Highway,Goregaon(E)

Complaint Details
First of all this is not a complaint. I seek some fact about VAT. I have made an agreement in 2009 with the builder. Hence it falls under VAT (2006-2010. On the agreement value of 79 lac they have chanrged Rs. 2.85 lac VAT and Rs. 1.10 lac interest. The interest component is charged till 31Aug12. I wanted to know whether interest should be charged or it is waived off by the Supreme court. Whether the VAT amount is correctly calculated (it comes to about 3.65%)?Because today's newspaper says it should be between 0.5% to 3%.

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