Tejas_mech@yahoo.com, Apartment Resident
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VAT payment for resale property
Q: Hi, I bought a resale flat in Jan-2011. The building was completed in Sep-2009 and had Occupancy certificate. Previous owner bought the flat from builder. Now Maharashtra govt has notified for VAT payment at 5% for the property built between 2006 to 2010. I am not the person who bought the flat from builder, rather bought from the first owner. So in case builder demands, am I anyway liable to pay VAT?

Latest Answer: I would suggest you to take advice from your legal expert in this matter.

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