|October 31 2010, 10:48 PM||#1|
Need clarification on 1 % VAT for under construction property
I puchased under construction property in Jan 2010 and same was registered in Feb 2010. Maharashtra govt introduced a new law to impose additional 1 % VAT on under construction property and this law is effective from 1st April 2010.
My buider has asked for this 1 % VAT and eventhough it was regstered before April.
Can someone in this forum provide any clarification on this new law? is it applicable for any under construction property or it is only for those registered after April 1.
thanks in advance for your help
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