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TOPIC: VAT has to be paid by builder or buyer?

VAT has to be paid by builder or buyer? 2 years 4 months ago #6253

Dear Sir,

Kindly suggest who should pay VAT amount on flat in utter Pradesh & please share if there is any legal/ govt notification number available.

Regards
AJ
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VAT has to be paid by builder or buyer? 2 years 4 months ago #6258

Hi Alok,

VAT is paid by the buyer to the builder who then pays it to the government. I am unable to find any government document for the same but this is the way it has been working for many years. I believe there were a few cases where it had been mentioned that the vat needs to be remitted by the builder and the buyer needs to ensure this.

Thanks and regards,
Krish
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VAT has to be paid by builder or buyer? 2 years 1 month ago #6921

Hi AJ,

VAT is normally paid by buyer to seller and then seller deposits it - as Krishna said in his reply.

However, if this question is being asked after the transaction has been concluded, then one should check whether the price concluded earlier was inclusive of tax or not. In case, inclusive, then no further payment to be made by buyer. In case price was exclusive, then payment can be demanded by seller subject to other clauses in the agreement.

Thanks, Nitin
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VAT has to be paid by builder or buyer? 2 years 1 month ago #6924

Hi Nitin,

Thanks for your inputs. :)

Thanks and regards,
Krish
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VAT has to be paid by builder or buyer? 2 years 2 weeks ago #7151

Hi,
VAT is paid by buyer to the builder/seller and then builder deposits it to government.
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