Please help with Applicability of VAT w.r.t. Buiders/Contractors/Developers. In short is vat applicable on sale of Land or Plot (Plot in case where it is well partitioned by seller and are multiple plots for sale)?
Menu
Is vat applicable in case of sale plot in maharashtra
Replies (1)
VAT is applicable to builders/contractors/developers with respect to material consumed in their works.Value of land and labour charges involved in the construction are exempt.No vat is payable on the residential plots sold by a developer......mjk
Recent Topics :
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
Related Topics :
CAclubindia
