Mvat is applicable on builders


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2012 MVAT is applicable on builders from which finacial year, can MVAT is Applicable on F.Y. 2005-06 to F.Y. 2009-10

25 June 2012 MVAT on builders was not there till 2009-10.Agreements registered on or after 01/04/2010 are covered under this composition scheme.
and VAT @ 1% of value as per agreement or stamp duty valuation whichever is higher is levied.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2012 Thanking You sir,
Sir, Date for VAT Liability is on Registration of Agrrement or Sales in book of account ?


26 June 2012 liability arises on registration of agreements.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2012 THANKING You.

26 August 2012 MVAT is applicable on Builders w.e.f. 20.06.2006.

From 20.06.2006 to 31.03.2010 - MVAT Composition Scheme @ 5% is payable

W.e.f. 1.04.2010 onwards MVAT Composition Scheme @ 1% is payable subject to certain conditions provided the builder has obtained TIN ....



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