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Calculation of vat on residential complex

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(Querist)
15 July 2014 Sir,please tell on which amount vat would be calculated under builder case whether it is on consideration amount,market value or whichever higher of both.
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G Mallikarjuna Rao

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G Mallikarjuna Rao (Expert)
16 July 2014 THE AGREEMENT VALUE BETWEEN THE BUILDER AND CUSTOMER, WHICH IS NOT LESS THAN THE GOVERNMENT VALUATION.

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