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VAT / Service Tax Charged By Builders?
June 1 2010 , 06:18 PM   #1
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VAT / Service Tax Charged By Builders?

Dear friends,

I was looking to buy a flat when i found that most of the builders are charging SERVICE TAX / VAT...

As far as i knw...the case is pending with Supreme court...and the builders should not be charging this now..However, builders like Kalpataru, Hiranandani and big names are actually doing it..

Do you all have information on this..please let me know the practices of different builders..

Some builders are also taking an undertaking that whenever applicable, this charge will be borne by us...
if any 1 can post an attachment or pm it to me...of the undertaking

Kindly let us all know if any information is available on the same
June 1 2010 , 06:27 PM   #2
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Quote:
Originally Posted by Manoj0309
Dear friends,

I was looking to buy a flat when i found that most of the builders are charging SERVICE TAX / VAT...

As far as i knw...the case is pending with Supreme court...and the builders should not be charging this now..However, builders like Kalpataru, Hiranandani and big names are actually doing it..

Do you all have information on this..please let me know the practices of different builders..

Some builders are also taking an undertaking that whenever applicable, this charge will be borne by us...
if any 1 can post an attachment or pm it to me...of the undertaking

Kindly let us all know if any information is available on the same
Manoj,

Pls see the previous thread -
"tag Is 1% VAT applicable on new flats purchased after 31st March 2010??"
That will hopefully answer part of your query.

You are correct- builders are charging VAT and/or Service tax and as usual we dont have an option but to comply with their demands if we want to purchase flat.

Builder will & is tranferring this taxes to the consumers although there are lot of ambiguity pertaining to the service tax.

Kalpataru is charging VAT but no service tax.
RNA is charging Service tax but no VAT

If this taxes arent implemented builders will refund money.
June 1 2010 , 06:59 PM   #3
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Hey neeraj...

I have been to that thread...but the discussions there are not focussing on which builder is doing what..I am trying to analyse the practice on different builders' practices...

Just like u mentioned information about Kalpataru and RNA...i would like to know about more builders

Thanks a lot for your quick response..appreciate it

Quote:
Originally Posted by neeraj23in
Manoj,

Pls see the previous thread -
"tag Is 1% VAT applicable on new flats purchased after 31st March 2010??"
That will hopefully answer part of your query.

You are correct- builders are charging VAT and/or Service tax and as usual we dont have an option but to comply with their demands if we want to purchase flat.

Builder will & is tranferring this taxes to the consumers although there are lot of ambiguity pertaining to the service tax.

Kalpataru is charging VAT but no service tax.
RNA is charging Service tax but no VAT

If this taxes arent implemented builders will refund money.
June 1 2010 , 07:52 PM   #4
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wadia's Avatar
 
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Quote:
Originally Posted by Manoj0309
Hey neeraj...

I have been to that thread...but the discussions there are not focussing on which builder is doing what..I am trying to analyse the practice on different builders' practices...

Just like u mentioned information about Kalpataru and RNA...i would like to know about more builders

Thanks a lot for your quick response..appreciate it
change the topi cof your thread then.
Rather name it to "List of builders charging VAT/Service Tax"
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