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Vat in case of contractors

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2011 When is the point of Taxability for VAT in case of Construction Contracts?

Whether VAT is payable on receving the Booking Advance or it is payable when Sale Agreement is excecuted.
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
02 August 2011 the point of taxability is when the sale agreement is executed.

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