Vat on building counstruction

This query is : Resolved 

24 August 2012 As per mumbai high court judgement now builders have to pay MVAT and they are started collecting from flat owners, but at what rate(@5% or 1%) flat owner should bear the tax if agreement is before 31 march 2010?

And interest science date of agreement till today will be charged on that or not?

24 August 2012 they are asking it at one percent. Please refer the site of CREDAI.... erstwhile PBAP

28 August 2012 Mr Srikant AD,
I have answered many queries on this point.Please see my expert a/c for necessary details....MJK


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