VAT

Despite being just next to agriculture in terms of employment generation and contribution to the GDP, year after year, the sector’s hope of getting a status at par with industry is quashed by the government. But with Abki Baar Modi Sarkaar, even the real estate sector is looking forward to the ‘good days ahead of […]

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 […]