TaxTMI 
TaxTMI 
VAT refund after cancelling apartment booking
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....AT refund after cancelling apartment booking<br> Query (Issue) Started By: - Prateek Kumar Dated:- 23-6-2015 Last Reply Date:- 23-6-2015 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>Hello,I have ....
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....planned to purchase an apartment in bangalore and paid the builder the booking amount and EDM 15% Earnest Deposit Money.After 6 months the builder sent me sale and construction agreement and it was no....
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....t satisfactory and I decided to cancel my booking. Now the issue is they are claiming that the actual money paid to them will be refunded but the VAT cannot be refunded. I request someone to help me w....
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....ith some information on this. No sale happened here and I am wondering why this cannot be refunded? Reply By praveen m r : The Reply: They should be able to refund the VAT amount also to you, unless ....
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....you have signed an agreement with them which mentioned VAT will not be refunded to you. VAT computation for a builder is quite complicated in Karnataka. You might take an expert opinion before discuss....
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....ing with the builder. Opinions on such matters are available from different experts and will range between 10k to 20 K Reply By Prateek Kumar: The Reply: Thanks for the reply. Could you please help m....
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....e out to find a VAT expert in bangalore who can help me to get refund ?<br> Discussion Forum - Knowledge Sharing ....