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M.V.GIRI (ADVOCATE & TAX CONSULTANT)     17 February 2013

Vat act

X co is developing the non agricultural land in to NA land and developing as residential plots by paying development chargess to the corporation. The co is spending for the road formation, drainage work, electricity polls and other development works. After complete this development work the co is selling the residential sites to the prospective buyers. Is there any tax liability for the co to pay under the VAT Act on the sale of sites or the development of sites? Is co is liable to pay works contract tax?



Learning

 2 Replies

R K JAIN (Advocate)     18 February 2013

Pl go through the judgement of Honurable Supreme Court in the case of K Raheja Development Corporation Vs State of Karnatka reported as 141STC298SC and Larsen Toubro limited & another Vs State of Karnatka reported as 17VST460SC.

ANIMES RAY (Proprietor)     21 February 2013

I want to know about the High Court ( any State) or Soupreme Court decision about the rate of Sales Tax / VAT to be charged on Medical Oxygen

 

Regards


Animes Ray


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