Vat on builders
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
One of our client(Construction Contractor of Maharashtra) sold flats BEFORE 01.04.2010.
Is this transaction liable for MVAT levy?
If yes then how?
Kindly provide me the detailed explanation.
Thanks & Regards.
Is this transaction liable for MVAT levy?
If yes then how?
Kindly provide me the detailed explanation.
Thanks & Regards.
MJ Krishnamurthy
(Expert)
04 June 2012
Mr Author,
There have been enough discussio on this subject in this web site already.If he had received advances from his buyers before completion of construction MVAT liability arises in such cases.If he has sold any apartment after finishing their work,then there will be no MVAT on them....MJK
There have been enough discussio on this subject in this web site already.If he had received advances from his buyers before completion of construction MVAT liability arises in such cases.If he has sold any apartment after finishing their work,then there will be no MVAT on them....MJK
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
