Dear Sir/Madam,
I have purchase one plot on 2012 but now company demand a VAT tax of 5 % on the total cost is it right demand shall i pay this or not
3 Replies
Jayesh Rathor
(Student)
(55 Points)
Replied 01 March 2016
VAT is leviable on goods which are movable in nature. It can be tangible or intangible.
Plot is an asset which is not movable so the question of VAT doesn't arise in the present case.
Correct me if I am wrong.
Ruchi Chouksey
(6 Points)
Replied 02 March 2016
Sir If Some Body Pay Rs.200000/- Against part payment of his villa so how we calculate service tax and sbt on this amount please help
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
