VAT is a sales tax on the “agreement for sale” between builder and buyer. .Maharashtra government has issued a notification on the imposition of 1 per cent value added tax (VAT) on the contract price of flats mentioned in the agreement of sale registered on or after April 1.
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One percent VAT imposed by Maharashtra on flat sale !
Filed Under: A NEWS u can USE Tagged With: Agreement, builder, builders, cent, contract, contract price, flat, for, government tax, Maharashtra, maharashtra government, notification, of, on, percent, resale, self government, stamp duty, The, VAT
DRI slaps HP(India) Rs 1,450 crore tax evasion notice
It is widely reported in media that hardware giant- Hewlette Packard (India) division has been charged by Department of Revenue Intelligence , Bengluru of undervaluing its components . The HP(India) is also charged for raising duplicate invoices, primarily one for customers and another for its internal official accounts. The DRI charges relates to its entire [...]
Filed Under: Tax News Tagged With: channel, customs authorities, discount, hardware giant, HPISPL, import records, India, laptops notebooks, part, percent, revenue intelligence
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