21 June 2008
WE PURCHASE A FLAT OF 750 SQFT AFTER PAYING 120000/- STAMP DUTY & REGISTRATION NOW WE HAVE TO PAY VAT & SERVICE TAX ALSO PLS HELP ME NOW BUILDER DEMANDING 172490/- AS VAT & SERVICE TAX AMOUNT PLS HELP ME STILL RULE IS FINALISED OR NOT THANKS IN ADVANCE REGARDS RAKESH PANDYA
22 June 2008
Service tax is not applicable in case of purchase and sell transaction. Vat and service tax is mutually exclusive. Service tax is not applicable in this case.
24 June 2008
Dear We Purchase Flat From Builder and Now Govt Put Some Notice To Pay Vat of Aggreement Value's 5% and 4% Service tax & Builder Get Set off for Vat He Paid on Purchase of Material & But he told us to Give Cheque of the Amount of 9.5% of Agreement Value Pls Help Me if Any Dicision From Court Regarding This Matter
CAclubindia
