Complaint Details

Status	:	Closed
Complaint No	:	0002453/2012
Category	:	Real Estate
Date	:	25-10-2012
Subject Line	:	5 % VAT demand on Flat
Complainant	:	Nitin Paunikar
Address	:	Nehru Nagar, Kurla East,Mumbai
Complainee	:	Haware Builders
Address	:	Vashi,Navi Mumbai

Complaint Details
Dear Sir,

We have received a notice from builder to pay VAT by 31.10.2012. I am attaching a copy of the notice for your reference.


Our agreement was executed in August 2008 and got possession in December 2008.

The notice demands VAT @5% of the Total Agreement Value. The builder has conveniently ignored the provision for deduction for Input Tax Credit. Moreover, he has asked us to come to his office and that time he wil inform us the exact amount payable by us.

Also he has sent a letter on 17.10.2012 and received on 19.10.2012, So there is a very short time to arrange for the amount.(Agreement Value is 30 lacs)

In letter breakup of VAT is not given; instead he demanded VAT on 5% of Total Agreement Value.

You are requested kindly advice on the matter at the earliest because deadline of 31.10.2012 is very near.

Thanks

Nitin Paunikar

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