Is there any VAT applicable on Builders/Constructors from FY 2011-12 in Madhya Pradesh????Plz anyone clear it and if yes then what are its conditions and other complications?
Menu
VAT ON MP BUILDERS
Replies (4)
Read from Page 4, sec 9B of attached file
| Originally posted by : U S Sharma | ||
 |
Read from Page 4, sec 9B of attached file |
 |
Thanx sir.It means whenever any bulder sale building for the first time ,which is bieng constructed by him,will pay 5% as vat on building sold.
But if an assessee is engaged in purchase and sale of buildings,shops etc which are already constructed then will he be liable for that 5%?
on subsequent sale not applicable, its already mentioned in the bill
Sir, is this VAT still applicable or waived now
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
