Latest Expert Exchange Queries

Make 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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT RATES :: cpt :: form 3cd :: ACCOUNTING STANDARDS :: VAT Audit :: TDS
 
 
« VAT (Value Added Tax) »
 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?
 New tax structure not higher than VAT
 Cos will be reimbursed for exemptions that currently exist in the VAT regime
 GST will get states more than VAT
 Is it a modified Value Added Tax?
 GST regime: VAT Commissioner and CBEC to work with businesses
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)

Belapur soc seeks VAT computation
September, 18th 2012

Refusing to bow down to their developer's demand of 5% value-added tax (VAT), residents of Suncoast Co-operative Housing Society, Belapur, have fired another salvo against Lakhani Builders.

The residents have told Lakhani they will not pay penalty and interest if it does not clarify the computation of the VAT figure. The developer has given the residents a deadline of September 31.

"Considering the state government's silence, we are not hopeful of its support to us if the developer puts pressure on us by sending a legal notice ... We have to protect ourselves by taking a firm stand," said a resident.

The residents have also asked Lakhani to explain how it selected a particular option among three framed under the Maharashtra VAT Act for computing the tax. Besides, the residents have asked for a copy of the certificate wherein the developer is registered as a dealer with the sales tax department (which makes it liable to pay VAT). "Unregistered developers do not have to pay the tax. We want to check if our developer is registered or not," a resident said.

Lakhani director Sunny Lakhani said, "We planned to meet the residents last weekend to clarify the issue, but could not due to some personal issues . We hope to meet the residents soon."

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

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