Ap vat on open land lease
This query is : Resolved
04 June 2013
dear sir/madam,
'A' company open land given to 'X' company on lease for 10 years (land is used for roads, parking owen vehicles only, there was no construction activity, etc.) is it applicable APVAT?
thanks
Balu
'A' company open land given to 'X' company on lease for 10 years (land is used for roads, parking owen vehicles only, there was no construction activity, etc.) is it applicable APVAT?
thanks
Balu
10 June 2013
land being immovable property does not attract tax under apvat, vat is leviable on transfer of property in goods
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