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How much property tax or VAT would be paid for an under construction project?

Posted by Ankush Dogra · 2 yrs ago · 3 Replies · Share on -      

How much property tax or VAT would be paid for an under construction project?

Report Tags: Property Project, Construction Tax, Property Vat, Property Tax




3 Replies

raja
raja Posted on 2 yrs ago

Hi, I booked a flat in chennai, on aug 2012 ...At the time of agreement on aug 2012, my builder have not said about the service and VAT taxes..Now my flat is in finishing stage...Now, they are asking the service + VAT tax as extra which are... more

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Vakilsearch
Vakilsearch Posted on 2 yrs ago

"A property is considered “under construction” till the builder receives a “completion certificate” from the relevant authorities. Thus, if an amount for the purchase of a property is paid to the builder before he obtains a completion certificate, it... more

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Ankush Dogra
Ankush Dogra Posted on 2 yrs ago

A property is considered “under construction” till the builder receives a “completion certificate” from the relevant authorities.You have to pay the VAT & Service Tax as requested by the developer. This amount is to be deposited by developer with the... more

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