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Vat liab.on builder & developer in casr of const.of flats

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(Querist)
11 October 2013 how vat is calculated in case of builder / developers for construction of flats under mvat ?
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KAUSTUBH M JOSHI

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KAUSTUBH M JOSHI (Expert)
11 October 2013 Tax is calculated @1% of consideration value or Market value whichever is higher.

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