VAT calculation when buying an Apartment



Dear All,

Can you please advise how is vat calulated for apartments in Karnataka.

Is it  12.5% on 70% of the  construction cost or at 4.22 % of the total cost i.e Total flat and carparking cost.

I need your advise on which is the correct way to calculate VAT.

Regards,

Prajith

 
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Consultant

Also can some one tell me if it is on the carpet area, buit-up area or super buit-up area

 
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