Godrej Properties — GPL is over demanding /over invoicing 1% amount for properties costing above Rs 50 Lacs.

Address:

Noida, UP

Godrej Properties Limited at Tropical ISLE Project Noida is overcharging 1% TDS amount in case property value is over Rs 50 Lacs. The 1% TDS to be deducted from the payment to Godrej is required to be paid to ITAX department directly by the buyer. Godrej is very cleverly issuing misleading Payment Schedule and invoices without excluding the 1% TDS amount and net payable to Godrej. Though in a very small print at lower side of demand letter, it is written that customer is required to deduct 1% TDS and pay directly to ITAX department. Customer care team is terribly inexperienced and do not have any knowledge on net amount payable to Godrej and ITAX department. They do not issue any signed letter unless chasing is done for months. All customers will end up paying penalty and 1% TDS to ITAX department over and above what has been paid to Godrej. The total amount amassed by Godrej in this process would run into hundreds of Crore Rupees. This is a serious financial fraud despite having regulatories body like RERA and no tolerance to corruption and unfair trade practices policy of the present government.