Hey, I’m planning to buy an apartment in Hyderabad that’s still under construction. Can you tell me how the registration fees, service charges, and VAT are calculated? Is the builder required to clearly specify these tax components on the receipts? If so, could not having this in writing cause problems for me later on?

In India, registration fees are calculated based on the property’s value, service charges are determined by the builder’s maintenance policies, and VAT is typically included in the sale price. The builder is legally required to provide clear receipts detailing all tax components. Failure to do so can lead to future disputes and difficulty claiming tax deductions.