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Info about VAT in Maharashtra to be paid to builder

Q: What percentage of pay should be paid to the builder as VAT?

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Replies (1)
1
1 % on Agreement Cost effective from April, 2010 / Service Tax 1/4 of 12.36 that is 3.09 % on Agreement Cost. Once you Registered your Agreement for Sale, you are liable to pay Vat & Service Tax. There is no Service Tax & Vat on Ready Possession Properties.
Pranab Malakar


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