VAT on sale of residential complex


This query is : Resolved 

04 December 2009 IF a company is engaged in construction of residential complex n sell them out than VAT is applicable or not.
(After 46th constitutional amendment in article 366,whether VAT is applicable on sale of flats or not)

04 December 2009 since residential complex is nonmovable, i don't think it should be consider in defination of good.
for more details you can see the defination of Goods under your state VAT act.


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