Applicable or not
Querist : Anonymous
& also want to know VAT is Applicable for construction company.
1. Vat shall be charged @1% of the agreement value of the property sold or stamp duty valuation Whichever is higher.
2. Service tax shall be payable under "construction of complex service" and ST shall be paid @10.30% on 33%/25% of the sale price of the property.This is he position tprior to amendment as per budget.
Querist : Anonymous
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