CHAL­LENGES AND SO­LU­TIONS

HT Estates - - HTESTATES -

Buy­ers may face stiff re­sis­tance from de­vel­op­ers for pro­vid­ing the ser­vice tax re­turns and pay­ment de­tails Even if the de­vel­oper agrees to give the doc­u­ments as men­tioned above, the tax au­thor­i­ties may want a de­tailed break-up (pro­ject­wise/in­di­vid­ual flat-wise) of the amount of ser­vice tax paid by the de­vel­oper. This can be a her­culean task for de­vel­op­ers fil­ing sin­gle re­turns for mul­ti­ple projects For projects where the con­struc­tion is still not com­plete, the home­buy­ers can ex­plore the pos­si­bil­ity of ap­proach­ing the de­vel­oper to ad­just the amount of ser­vice tax paid be­tween 2010 and 2012 against any fu­ture ser­vice tax li­a­bil­ity on their flat

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