Are you planning to buy a new flat near Metro line, Monorail line or any other major infrastructure project in Mumbai? If yes, then be ready to cough up an additional 10 % additional development tax on property transactions in such areas. The residential and commercial properties could get costlier as the state government is […]
VAT Archive
August 23, 2014 2:04 am
CREDAI urges government to abolish the levy of VAT
The Confederation of Real Estate Developers of India (CREDAI) has urged to abolish the levy of Value Added Tax (VAT) on property transactions. CREDAI’s request comes in wake of a Supreme Court order in September last year making it mandatory for payment of VAT on property purchases in the State made from 2006 to 2010. […]