Mvat on sale of under construction property
This query is : Resolved
Ruchi Agarwal
(Querist)
29 December 2014
Can anybody let me know whether Mvat on sale of Under Construction property should be paid at 1% of Agreement Value or should it be paid at higher of 1% of Agreement Value or Market Value..??
CA Hemant Bhathad
(Expert)
29 December 2014
It should be paid at higher of 1% of Agreement value or Stamp value determined by stamp duty officer(Stamp Value is mostly equal to market value)
Ruchi Agarwal
(Querist)
29 December 2014
CAN U PLZ TELL ME THE NOTIFICATION/LINK FOR THE PROVISION REGARDING THE SAME??
CA Hemant Bhathad
(Expert)
29 December 2014
Hii,
Check below link https://www.taap.co.in/index.php?option=com_content&view=article&id=94:amendments-in-mvat-act-2005--applicable-from-01-04-2010&catid=37:mvat&Itemid=45
Check below link https://www.taap.co.in/index.php?option=com_content&view=article&id=94:amendments-in-mvat-act-2005--applicable-from-01-04-2010&catid=37:mvat&Itemid=45
Ruchi Agarwal
(Querist)
30 December 2014
IS MVAT ACT, 2002 OR MVAT ACT, 2005 IS RELEVANT?
Ruchi Agarwal
(Querist)
30 December 2014
IS MVAT ACT, 2002 OR MVAT ACT, 2005 IS RELEVANT?
CA Hemant Bhathad
(Expert)
01 January 2015
MVat Act 2005 cover amendment in Mvat act 2002
So Mvat 2005 is just amendment
Mvat act 2005 is amended form of mvat act 2002
Mvat act 2005 would be applicable
So Mvat 2005 is just amendment
Mvat act 2005 is amended form of mvat act 2002
Mvat act 2005 would be applicable
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