Shailendra Pandey (Sr Engineer) 09 April 2014

Vat applicable on duplex purchased

Dear Sir,

I have booked a duplex(under construction) in a project in Bhopal ,Madhya Pradesh .In the Agreement with the builder ,they have asked to pay me the VAT along with service tax . Please let me know the rules on VAT which are applicale on purchase of duplex under construction.Whether I am liable to pay the VAT on such purchase .Please also specify the percent of VAT applicable.

Thanking you

Shailendra Pandey.

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1 Replies

pradeep (abc) 28 August 2014

Hi,

I have purchased duplex in Bhopal, done registration in 2012, EMI is running. Possession wil lbe given in this Diwali. Can someone tell whether i have to pay service tax & VAT. What is % of these tax? Builder is telling VAT is 5% on construction cost that will be around 1.5 lacs other way to calculate it 3% of total cost. Now come to service tax part, service tax builder is telling is flat 3.09% of total cost of the property(land+construction). Please advise what really i have to pay?

Thanks in advance,

Regards,

Pradeep