Quote:
Originally Posted by Rupali_SG
Yeah. It's the lakehome project. Builder has precisely asked for 4% VAT and 3.3 % of service taxes. The major problem sounds to be the completion certificate of the building which the builder has not yet received.
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Hi Rupali,
I have also the same issue and have bought a flat there, but now the builder wants to open a FD in Union Bank and create a lien in his favour for VAT. I am currently abroad and this has come as a bolt from the blue. I am thinking of doing it as the builder is withholding possession, but want to legally cancel the lien later as I think it is illegal. Please any advice whether this is possible. I am struggling to raise funds for the stupid FD as I am already maxed out on my loans and this is nothing but blackmail.