Maharashtra Govt Recent – VAT applicable to Ready Possession Flats

POSTED BY ABC ON November 16, 2012 12:28 pm COMMENTS (2)

Hi,

For Maharashtra state, I have a Question related to VAT on House imposed recently by Maharashtra Govt.

I have Society Completion Certificate of July 2010. Registration formalities done by August 2010.

1) Is VAT applicable to Ready Possession Flat bought by August, 2010?

2) What all documents required for a flat to-be-officially-called READY POSSESSION flat?

Awaiting your response, Thank you.

2 replies on this article “Maharashtra Govt Recent – VAT applicable to Ready Possession Flats”

  1. ABC says:

    From April 1, 2010 onwards, There is VAT of 1% on total agreement value.

    Is it applicable to Ready possession flats as well?

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