I booked a flat in Bangalore in October 2013. A separate agreement for land value and a another agreement for construction was executed in October 2013. The land value (UDS) as per the agreement is Rs.25,58,000 & the construction cost as per the agreement is Rs.27,82,000.
Could you please let me know the VAT & the Service Tax applicable.
25 February 2016
I agree to your point that VAT & Service Tax is applicable. The builder has derived the land value and executed a separate agreement for sale of land, in this case, is VAT & Service Tax applicable on land value as well?
25 February 2016
I agree to your point that VAT & Service Tax is applicable. The builder has derived the land value & executed a separate agreement for the sale of land (UDS portion), in this case, is VAT & Service Tax applicable on the land value as well?
CAclubindia
