By Mr. Abhishek Jain,
Tax Partner A recent Supreme
Court ruling on the applicability of VAT could push up property prices across
India According to a recent
verdict by the Supreme Court, the sale of a property that is under construction
would be liable to value-added tax (VAT…
Showing posts with label TAX - Value Added Tax. Show all posts
Showing posts with label TAX - Value Added Tax. Show all posts
Property Prices may Rise After Supreme Court VAT order
Property prices are
likely to rise in India after the Supreme Court said last week that a
value-added tax may be levied on real estate transactions in addition to stamp
duty. The apex court upheld
a judgement of the Bombay high court that directed builders to pay a 5 % VAT
(…
In Maharashtra House Buyers to Maximum 2.5% : How do VAT Calculate?
While house buyers in
Maharashtra are confused over the payment of VAT (value added tax) on property
purchased by them between 2006 and 2010, legal experts say, the recent state
government circular on the issue provides marginal relief to them. According to
property, consume…
Reaction to Retrospective 5 per cent VAT On Flats In Maharashtra
by
Mr. Subhankar Mitra, JLL India There
has been a prolonged flip flop in progress with regards to the VAT (Value Added
Tax) issue, and the matter was sub judice for quite a while. Earlier,
VAT was proposed to be at 5 per cent of the value of residential properties.
But was …
