Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: VAT RATES :: due date for vat payment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS
 
 
« VAT (Value Added Tax) »
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?

Developers, consumer groups spar over VAT
November, 03rd 2012

After failing to get any relief on Valued Added Tax (VAT) from the Bombay High Court, real estate developers are taking on consumer groups saying they are misleading people who bought properties between June 2006 and March 2010 by urging them to not pay the 5% VAT charged by the state government.

Around two lakh citizens in the city are likely to face the heat with the Confederation of Real Estate Developers Associations of India (CREDAI), too, saying VAT has to be collected from buyers. CREDAI also said consumer organisations are misleading people over VAT.

CREDAI-Pune Metro said concumer rights activist Sudhakar Velankar had contradicted his recent media statements by saying before the Bombay High Court that builders have the legal right to recover VAT from flat purchasers but in a judicious manner. President of CREDAI-Pune Metro Satish Magar said the PIL thus is line with their contention that VAT should be recovered from consumers.

Velankar, the founder-president of Grahak Hitwardhini had filed a PIL seeking a directive from the HC to the state government to adopt only one method of assessment, and until such time amend the Act allowing flat purchasers to pay the lowest assessable amount.

Velankar, on the other hand, countered that CREDAI is misleading the public as one of the contentions in court is that builders shouldnt collect VAT from customers.

Magar, however, said that in compliance with the interim order of the Supreme Court on payment of VAT most developers have filed returns with the government and paid tax. Magar said they are waiting for a response from the state government about lowering VAT from 5% to 1%. The matter was expected to be decided on Wednesday but had not come through.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions