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Discussion > VAT >

VAT calculation when buying an Apartment

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QAM


[ Scorecard : 24]
Posted On 29 September 2009 at 22:09 Report Abuse

Dear All,

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.

Regards,

Prajith


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Balaji
Consultant


[ Scorecard : 28]
Posted On 16 January 2011 at 12:47

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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