Calculation of vat on residential complex

This query is : Resolved

HARESH BALARAM BHOIR (Querist)
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15 July 2014 Sir,please tell on which amount vat would be calculated under builder case whether it is on consideration amount,market value or whichever higher of both.

G Mallikarjuna Rao

G Mallikarjuna Rao (Expert)
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16 July 2014 THE AGREEMENT VALUE BETWEEN THE BUILDER AND CUSTOMER, WHICH IS NOT LESS THAN THE GOVERNMENT VALUATION.

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