Computation of vat/st on under construction flat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2015
Dear experts,
the total flat value is 70 lacs and 14% vat is applicable however 25% ST is also applicable plz let me know how to calculate the vat and ST on this flat value 70 lacs,
regard
Namit Singhal
the total flat value is 70 lacs and 14% vat is applicable however 25% ST is also applicable plz let me know how to calculate the vat and ST on this flat value 70 lacs,
regard
Namit Singhal
Prabhat Kumar
(Expert)
28 September 2015
SERVICE TAX is payable @14% on 25% of the value i.e 14% on 17.5 lacs and VAT will be payable on applicable rate.
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