Vat on builders
Ravindra M. Mandale
(Querist) 19 May 2012
This query is : Resolved
Builders are required to pay 1% vat on sale. Whether said vat paid can be collected from the purchaser of the proerty? if yes, then under what provision?
Suhail A.Siddiqui
(Expert) 20 May 2012
Kindly mention Name of State to complete quarry. If 1% it is composition tax,then it should be inclusive with value of goods otherwise, all state taxes are indirect tax payable by the purchaser