VAT on purchase of new under construction house from a builder

Can you please help me out with from when 1% VAT is applicable for purchase of new under construction house from a builder. I had my flat registered in Jan 2010. So do I need to pay VAT at 1% of agreement cost ?

asked Aug 22 '12 at 17:39 by Pune_ashish 112

In Maharashtra, 1% VAT is applicable on flats registered only after 1st April 2010. If you had registered it before April 2010, it should not be applicable.

answered Aug 22 '12 at 18:13 by Pankaj Batra 5.2k320


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Asked: Aug 22 '12 at 17:39

Seen: 1,387 times

Last updated: Aug 22 '12 at 18:17