Is vat applicable in case of sale plot in maharashtra

Please help with Applicability of VAT w.r.t. Buiders/Contractors/Developers. In short is vat applicable on sale of Land or Plot (Plot in case where it is well partitioned by seller and are multiple plots for sale)?

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VAT is applicable to builders/contractors/developers with respect to material consumed in their works.Value of land and labour charges involved in the construction are exempt.No vat is payable on the residential plots sold by a developer......mjk

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