VAT ON SALE OF FLAT
This query is : Resolved
RAKESH GOENKA
(Querist)
11 September 2009
IS VAT applicable on sale of flat?
If it is applicable then what is the rate of VAT?
From which date VAT is applicable?
If it is applicable then what is the rate of VAT?
From which date VAT is applicable?
Sanjeev Kumar
(Expert)
14 September 2009
No, as per definiation of "GOODS" under Sales/VAT Laws "Immovable property" is NOT covered. hence sale of Flat is exempt from VAT.
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