Showing posts with label TAX - Value Added Tax. Show all posts
Showing posts with label TAX - Value Added Tax. Show all posts

Sale of a Property that is Under Construction would be Liable to Value Added Tax : Supreme Court

By Mr. Abhishek Jain, Tax Partner A recent Supreme Court ruling on the applicability of VAT could push up property prices across India According to a recent verdict by the Supreme Court, the sale of a property that is under construction would be liable to value-added tax (VAT…
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Property Prices may Rise After Supreme Court VAT order

Property prices are likely to rise in India after the Supreme Court said last week that a value-added tax may be levied on real estate transactions in addition to stamp duty. The apex court upheld a judgement of the Bombay high court that directed builders to pay a 5 % VAT (…
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In Maharashtra House Buyers to Maximum 2.5% : How do VAT Calculate?

In Maharashtra House Buyers to Maximum  2.5% : How do VAT Calculate?
While house buyers in Maharashtra are confused over the payment of VAT (value added tax) on property purchased by them between 2006 and 2010, legal experts say, the recent state government circular on the issue provides marginal relief to them. According to property, consume…
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Reaction to Retrospective 5 per cent VAT On Flats In Maharashtra

Reaction to Retrospective 5 per cent VAT On Flats In Maharashtra
by Mr. Subhankar Mitra, JLL India There has been a prolonged flip flop in progress with regards to the VAT (Value Added Tax) issue, and the matter was sub judice for quite a while. Earlier, VAT was proposed to be at 5 per cent of the value of residential properties. But was …
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