Mvat on flat bought in dec. 2007.

Pramod Harkisondas Divecha (Querist) 20 October 2012 This query is : Open
Hello,

Can any one please tell me how VAT liability for the Flat Purchser is worked out/calculated/computed? Form the information I have collected from the bulder MVAT liability for the building as a whole appears to be Rs. 12.00 lakhs. But a stiff and huge demand going beyond Rs. 1.20 lacs has been raised on me. Please let me know the formula/methods of calculation so that I can take appropriate decision.

Thanks,

PHD.

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