Mvat on construction industry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2012
After 1/4/10 the contractor (builder) is required to pay mvat @ 1% @ on Agreement value or Market value which ever is higher. But Prior to 1/4/10 the contractor (builder) is required to pay vat @ 5% on Agreement value or Market value ?
02 December 2012
Yes.. with effect from 01/04/2010, the rate is 1%
June 2006 to march 2010, it was 5 %
June 2006 to march 2010, it was 5 %
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