CCI Online Coaching    |    x


VAT calculation when buying an Apartment


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

 
Reply   
 
Consultant



Also can some one tell me if it is on the carpet area, buit-up area or super buit-up area

 
Reply   
 


LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  



 


Search Forum:





close x