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I want to purchase property in sarfasei auction by bank, Bank in advertisement have mentioned that there is sales tax dues, I want to know my liabilities if I purchase the property through auction do I will be liabile in any manner against sales tax dues
Question
I want to purchase property in sarfasei auction by bank, Bank in advertisement have mentioned that there is sales tax dues,I want to know my liabilities if I purchase the property through auction do I will be liabile in any manner against sales tax dues
Answer ( 1 )
Once you buy a property which has any debts and liabilities, in that case you have to be cautious to check the terms of the auction, usually the entire liability shifts on the shoulder of the person who buys until and unless it is mentioned otherwise in the auction terms