Tweet
The date for correcting the mismatch in VAT Form 2A and 2B has been extended to 31-10-2013.
Vat can only be levied on sale of Flat only if it is sold / agreement to sale entered with prospective buyers before completion. No Vat on built-up and ready to move flats, Supreme Court in the case of [K Raheja Development Corporation vs State of Karnataka].
Vat can only be levied on sale of Flat only if it is sold / agreement to sale entered with prospective buyers before completion. No Vat on built-up and ready to move flats, Supreme Court in the case of [K Raheja Development Corporation vs State of Karnataka].