Dear Sir/Madam,
I have purchase one plot on 2012 but now company demand a VAT tax of 5 % on the total cost is it right demand shall i pay this or not
Menu
Vat %
Replies (3)
VAT is leviable on goods which are movable in nature. It can be tangible or intangible.
Plot is an asset which is not movable so the question of VAT doesn't arise in the present case.
Correct me if I am wrong.
Thanks Sir
Sir If Some Body Pay Rs.200000/- Against part payment of his villa so how we calculate service tax and sbt on this amount please help
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
