Hello Sir/Madam,
Can any one please tell me that whether vat liability arises on the token money taken by a builder or they have to wait for the agreeement??
Hello Sir/Madam,
Can any one please tell me that whether vat liability arises on the token money taken by a builder or they have to wait for the agreeement??
This depends on the State Laws. Some states do have the concept of `Time of Sale` wherein the liability would arise even on receipt of advance.
CAclubindia
