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Author Topic: MVAT - Property bought in 2006 to 2010  (Read 246 times)

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Offline ritzy

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MVAT - Property bought in 2006 to 2010
« on: February 01, 2016, 02:26:37 AM »
Hello Experts,

I have purchased a property in Feb 2006 in Pune, Maharashtra. During that time the MVAT by Sales tax department was rolled out but not enforced. It was enforced after 20June 2006. My agreement was registered with out the words MVAT in it but has a general clause that I will bear all the taxes pertaining to me.

The builder has started to demand 5% MVAT on 55% of the agreement value, as 55% of the building was completed after 20 June 2006. Also the builder is holding all the members at ramson saying that he will not do the conveyance deed till all the MVAT amount is paid.

What to do in this case ?

 

 

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