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[ Scorecard : 509]
Posted On 12 May 2011 at 15:52 Report Abuse

Is there any VAT applicable on Builders/Constructors from FY 2011-12 in Madhya Pradesh????Plz anyone clear it and if yes then what are its conditions and other complications?

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U S Sharma

[ Scorecard : 19507]
Posted On 12 May 2011 at 21:22

Read from Page 4, sec 9B of attached file

Attached File : 329710 44 bill.pdf downloaded 932 times

CA Upjeet Singh

[ Scorecard : 509]
Posted On 13 May 2011 at 16:50

Originally posted by : U S Sharma

Read from Page 4, sec 9B of attached file

Thanx sir.It means whenever any bulder sale building for the first time ,which is bieng constructed by him,will pay 5% as vat on building sold.

But if an assessee is engaged in purchase and sale of buildings,shops etc which are already constructed then will he be liable for that 5%? 

U S Sharma

[ Scorecard : 19507]
Posted On 13 May 2011 at 20:37

on subsequent sale not applicable, its already mentioned in the bill

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