A is a builder and making a highrise apartment by his own account after this some of his client take loan on his project by a Private bank and cheques make in favor of builder.
according to "A" s tax consultant if builder take EPF from bank(make some flat finance) than vat will be applicable on all flats however he make finance on some flats only or if builder not make any finance to any client than no vat will be applicable according to section .
our question is if builder make finance of some of flats than vat should also applicable on some flats only?
