harshadsolanki (no) (51 Points)
20 September 2016What is Current MVat rate on Property sale agreement??
Before 16/9/2016 it was 1% i guess still it is same??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178215 Points)
Replied 20 September 2016
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This tax is governed under the ‘works contract’ in the VAT law. For instance, VAT is charged at the rate of 1% of the ‘agreement value’ (for underconstruction property) in Maharashtra.
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