vat on resale of flats
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2010
WHETHER VAT IS CHARGED ON RESALE OF FLATS ?
IF CHARGED THEN HOW MUCH CHARGED
IF CHARGED THEN HOW MUCH CHARGED
17 April 2010
FLAT is an immovable property and does not falls under the definition of goods. It is thus out side the ambit of VAT.
17 April 2010
agree vat not applicable
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