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:





× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
  SHARE THIS