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Can you please advise how is vat calulated for apartments in Karnataka.
Is it 12.5% on 70% of the construction cost or at 4.22 % of the total cost i.e Total flat and carparking cost.
I need your advise on which is the correct way to calculate VAT.
Also can some one tell me if it is on the carpet area, buit-up area or super buit-up area
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