How vat is calculated in case of under construction flat
This query is : Resolved
22 August 2011
Hi,
I have bought the flat in Bangalore and paid 90% of amount to builder. I am about to register the property. I would just like to how much is VAT to be paid and how it is calculated?
Really appreciate your help in this.
Thanks & regards,
Venkateswara Rao K
I have bought the flat in Bangalore and paid 90% of amount to builder. I am about to register the property. I would just like to how much is VAT to be paid and how it is calculated?
Really appreciate your help in this.
Thanks & regards,
Venkateswara Rao K
22 August 2011
Builder Will Charges VAT or Service Tax as if un go for composite scheme.
and charged on prop. amt of comopletion.@4%
and charged on prop. amt of comopletion.@4%
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