Real Estate India: VAT to be paid for an apartment

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Question asked by Mr L Chandrashekar from Bangalore:

Dear Sir / Madam,

Do we have to pay any VAT for an apartment? In my case, there are 175 apartments in the project.

Please let me know the details.

Regards,
Mr. L Chandrashekar, Bangalore

Vatsala Answers:

In majority of cases, service tax and VAT will be applicable. It does not depend only on the number of flats but on whether the builder has outsourced the construction activity or not.

Vatsala
http://www.atoneplace.com

For more information, kindly visit at Real Estate India or Online Real Estate Video.

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