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vat on resale of flats

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2010 WHETHER VAT IS CHARGED ON RESALE OF FLATS ?
IF CHARGED THEN HOW MUCH CHARGED
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
17 April 2010 FLAT is an immovable property and does not falls under the definition of goods. It is thus out side the ambit of VAT.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
17 April 2010 agree vat not applicable




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