Builder asking for more money citing taxation on EDC & IDC
Situation : Hi
I purchased an under-construction property in Jan 2018.
- During the price discussion they quoted an all-inclusive fee
- The contract they got me into said price + applicable taxes
- Now the builder is asking for more money saying that government has clarified that EDC & IDC are taxable and so I have to pay more.
Apparently they had assumed that EDC & IDC were not taxable at the time of contract. I do understand that if taxation changes are made post contract then I have to bear the cost implications. However, it seems that government had clarified in 2017 (even before my contract) that EDC & IDC were taxable. Yes, I missed doing that piece of research as I had gone by the bulder's words. But can anything be done now since it seems to be a planned misrepresentation of fact (they suppressed the taxation part on EDC & IDC and quoted a lower all-inclusive fee keeping taxes deliberately out of contract) to take out more money in the name of goverment taxes?
Lawyers answer this question
No.74, 1st Floor, 6th Cross, Malleswaram,, Bangalore
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If the terms of sale agreement are in your favour or silent about such taxations then you may get issue a legal notice and avoid payment of extra money to the builder.
For full procedure contact me on mobile through the Administrators of this Website.
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