I have booked a flat in an under construction multystorey building in March,2013,till the end of 2016 made more than 80 percent payment ,now the flat is ready for possession and registry,the builder is asking for 4%VAT &3.09%Service tax on the payment made before 1,july,2017.Please tell me I have to pay Vat or not.If yes,then at what %.My flat is at AGRA,U.P.
I have booked a flat in Bhiwari,nearby Guru gram,made payment rs.180000/=,given 10 blank cheques ,and my documents copy,photo etc.The builder was fraud.The agents of that builder used my documents and got sanctioned a loan from Axis Bank in Delhi without my signature on any agreement or document of bank.On asking the agents about it , the agent of Bhikari builder told me that the new builder will make the payment to the bank and after 18 months the builder will buyback and make whole payment to the bank and promised me return my booking amount rs.180,000/=.But now it had been more then 3years,the new builder is not making payment of emi to the bank,the property is ready to move.Now the bank is treating it as npa and moved to debt recovery tribunal.Is that property will be auctioned or some other action can be on me.I am fighting the case .
Is that property will be auctioned or some other action can be on me.I am fighting the case .
In case the property was mortgaged and the loan has not been paid then the same will be mortgaged.
You may file a case against the builder to recover the money paid by you alongwith the interest.
Regards
VAT and ST were subsumed in GST on and from 1.7.17
so any payments made by you prior to that date will attract VAT and ST at rates applicable in your state
If OC is received for the building and you make any payment post receipt of OC, then no GST will be payable
I am not fighting the case in debt recovery tribunal.
You are not the effected party and the DRT can not give any relief to you.
The matter is between the bank and the builder before the DRT
if the bank loan is not paid then the bank will auction and sell the property to realise its dues and any excess balance will be returned to you
have you paid any EMIs?
Fir non payment of loan property woukd be auctioned
2) for recovery of balance amount bank would sue you
3) you have to file intervenor application in case pending in DRT
4) mention that you had not applied for loan
5) loan agreement was not signed by you
You must contest case in DRT as in your absence DRT would pass exparte orders against you
Hi, you should also register a FIR under section 420 and 406 IPC for cheating and criminal breach of trust
It would be better for you to take proper legal guidelines by showing complete files of your case.
