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Vat on sales flat by builder & developers

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(Querist)
03 January 2015 Please tall me that how to apply vat on sale flat by builder & developers , any composition Schem in this
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CA Hemant Bhathad

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CA Hemant Bhathad (Expert)
03 January 2015 full Consideration received after fully constructed flat not liable to vat.

there have option of composition scheme for work contract(builders/developers)
1% on sale consideration without availing and utilising input vat credit

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