Sale of building

CA GIRISH (Chartered Accountant) (1796 Points)

06 August 2012  

I own a land in Mumbai on which i have constructed a commercial property ( Not Flats ) ...The construction is still going on...

All the work is done by me only...Like all purchases were done in my name only....
 

Now due to financial crunch , i want to sell whole land and under constructed building .....

 

How will the treatment of VAT/Service tax .....Is vat applicable if yes can i take the Set off of vat i paid...?????