07 May 2011
Sir, Is VAT Registration compulsary for a Builders and developers business, i have a case where the assessee firm has constructed a Apartments and sold flats, at the time of registration it is taken as the final date and paid 1% VAT on Reg. Value, the firm is in existence from 2006 april, but they dont have the VAT Registration, they paid the VAT Tax in the name of CTO and gave to Sub reg. officer, my Dbouts: 1. is VAT Reg Compulsary for them 2. if not registered but tax paid is there any excuse for them 3. any case laws in the similar case.. 4. of all the above tell me the TAX % liable to be paid
CAclubindia
