VAT IN CASE OF CONSTRUCTION CO.
This query is : Resolved
30 May 2011
IF A CONSTRUCTION CO. BUILD A HOUSE AND THEN SALE THIS, THEN IT WILL CHARGE SERVICE TAX OR VAT.
IF IT CHARGE SERVICE TAX, THEN VAT WHEN WILL BE CHARGED?
PLEASE CLARIFY IT ASAP?
IF IT CHARGE SERVICE TAX, THEN VAT WHEN WILL BE CHARGED?
PLEASE CLARIFY IT ASAP?
02 June 2011
Both are exempt. for residential purpose build one house not covered u/ST. and after construction he sold an immovable property also not under under VAT regime. may be the position different subject to facts.
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