Vat on Purchases of Flats in Chhattisgarh

Here in this case if the said builder is a registered vat dealer then upon sales of any flat or any constructed portions by the said builder will liable for VAT taxes and accordingly the said builder has to pay the taxes to the concerned CTO Department against any sales made and vice versa the purchaser whether registered or unregistered dealer in CTO department cannot claim any input credit for his any outstanding tax due arising .

If the said builder is unregistered dealer then upon any inspection or scrutiny or investigation or search made by any vigilance and enforcement department or by the search made by the local  cto department can issue a show cause notice to the said builder or real estate dealer for collection of  taxes under works contract act or as a non composition dealer and may collect higher rate of taxes after deducting standard labour portion and other kind of tax imposition on the said entity. 

claiming of any input credits are restricted in all state Governments  for any purchases of real estate  property 

G.S.CHANDRA SHAKER
TAX PRACTITIONER_STP
Mobile.No.+91-9395323341/9951038001
Email.Id.chandrashaker7 @ gmail.com
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