Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > VAT > Others >

VAT ON MP BUILDERS

    Post New Topic
Pages : 1





-


[ Scorecard : 504]
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?


Online classes for CA CS CMA



U S Sharma
glidor@gmail.com


[ Scorecard : 19381]
Posted On 12 May 2011 at 21:22

Read from Page 4, sec 9B of attached file



Attached File : 329710 44 bill.pdf downloaded 802 times



CA Upjeet Singh
-


[ Scorecard : 504]
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
glidor@gmail.com


[ Scorecard : 19381]
Posted On 13 May 2011 at 20:37

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



There are 3 Replies to this message






Related Files








Related Threads


Post your reply for VAT ON MP BUILDERS



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top