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V. VASUDEVAN (LEGAL COUNSEL)     27 March 2010

MAHARASHTRA TO LEVY 1% VAT ON HOMES

Thanks for the contribution. Is this VAT applicable on second sale of old Flats ! (1st owner to a new purchaser)

would appreciate your clarification.

vasudevan



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 2 Replies

V. VASUDEVAN (LEGAL COUNSEL)     27 March 2010

Thanks for the contribution. Is this VAT applicable on second sale of old Flats ! (1st owner to a new purchaser)

would appreciate your clarification.

vasudevan

Vineet (Director)     27 March 2010

Isn't it strange!!!!

 

The Centre levies service tax on the sale considerations amount treating the developers as service providers and now the state government levies VAT on the the same treating it as sale.

 

Which one is correct?


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