Dear All,
I am working in a proprietorship concern. Our concern has constructed 30 residential flats in a appartment and sold during F.Y. 2010 -2011,
Please confirm me , Whether VAT is applicable on sale of this flats.
Waiting for your valuable reply.
no vat is not liable for house.....and land...or appartment...it is house tax..concern municipal...cor...for valuation and paid for duty..of sales....
Gowra Ventures Pvt Ltd
Hyderabad
CA
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CCI
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CAclubindia
