Vat on sale of property

This query is : Resolved

SAMEER SUTRADHAR (Querist)
Follow

19 October 2011 Is Vat or service tax applicable on sale or purchase of any property(A flat). Tell me if any case studies I can refer to.

CA SUMiT PATWARi

CA SUMiT PATWARi (Expert)
Follow

19 October 2011 Vat or Service tax is not attracted on sale/purchase of property.
But if you are a builder selling a property or you are purchasing a property from a builder (under construction prop) then service tax and vat will arise.

Useful link :-
http://www.simpletaxindia.org/2010/07/service-tax-on-construction-service-wef.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok