Karnataka High Court
‘Works contract’- VAT on property under construction
VAT is applicable on works contract. So according to supreme court, VAT is applicable on building contracts and property under construction. In a building contract where the land owner gives the land to the builder for construction and in return gets a portion of the developed property, then it comes under a work contract. Then […]
Karnataka High Court frames construction guidelines for builders
High Court verdict on construction Bangalore real estate is growing at a rapid pace and construction activities are happening on full swing – not only inside the city, but also in the outskirts. To address the related adverse effects of blazing real estate in the city, the Karnataka High court has come up with a […]
