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Refund of additional VAT promised by Maharashtra sales tax department

No Comments Sub Category:Mumbai,Property Tax Posted On: Sep 05, 2012

The state sales tax department of Maharashtra has insisted that the payable value added tax (VAT) is much less than three per cent.

This has put buyers who purchased flats between 2006 and 2010 and had paid money, in a fix as to how to recover the additional amount paid.

Till now, there has been clarity on the amount payable as VAT. The flat buyers also have no idea as to which authority to approach. To solve the issue, the Maharashtra Chamber of Housing Industry (MCHI) will meet on 4th August and is likely to discuss the refund issue.

The authorities state that balance VAT amount will definitely be refunded to the buyers but it may take some time.

To read more real estate news:

Maharshtra govt to waive penalty on VAT

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