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MVAT LEVIABLE ON SELL OF FLAT

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2010 Is vat number required for the construction company who gives sub contract to other company for construction n sell flat on his own account?if yes then at what rate and on which category is to be registerd as in nature of bussiness no related category is shown only work contract category is shown.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
17 April 2010 Your case seems to fall under Works Contract. However, let us wait the final decision of Lousen & Toubro case (referring Raheja) which is before a larger bench of the Apex Court.
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