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Statements adding to confusion Credai

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Even as the voice against imposition of VAT gets louder, statements coming from the sales tax department and some ministers are likely to put consumers and builders on a collision course. The Maharashtra Chamber of Housing Industry ( MCHI)-Credai (Mumbai Metropolitan Region), has sought a meeting with deputy chief minister Ajit Pawar. "Senior sales tax officials and ministers are giving statements to the media that suggest that paying VAT is builders' responsibility.
The builders can and will pay only after they get the money from flat buyers. Such statements are aimed at creating a rift between builders and buyers and confusing the issue further. The end result, will be more litigations. We request Mr Ajit Pawar to help clear this misconception and grant a stay on VAT collection," said Paras Gundecha, president of MCHI-Credai, Mumbai. Suryakant Pathak, Pune district working president of Akhil Bhartiya Grahak Panchayat, said, "We urge flat buyers not to pay more than 1% VAT to developers, that too under protest. If the VAT is calculated at 5%, the consumer may have to pay almost Rs 78,000 for a flat of Rs 20 lakh. When calculated meticulously, the amount may not exceed Rs 16,000, ie, approximately 0.8%." Pathak suggested the state government should not rush with the process. "The government waited for six long years. Why rush now. The state, builders and consumers should sit together and come up with a solution acceptable to all," said Pathak.
Source: Times of India

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