Vat on real estate
This query is : Resolved
02 October 2012
Whether vat is apllicable even if Occupation certificate(OC) is received?
Refer some case study..
Refer some case study..
03 October 2012
If sale is of completed building , provisions of VAT will not be applicable as the sale is of immovable property.
If prospective buyers enters in an agreement to purchase the building which is under construction and makes the payment stage wise as agreed it will be treated as sale for levy of vat.
If prospective buyers enters in an agreement to purchase the building which is under construction and makes the payment stage wise as agreed it will be treated as sale for levy of vat.
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