VAT On Sale of Flats: Timeline Extended For Maharashtra

This EY Tax Alert analyses the applicability of VAT in the State of Maharashtra in connection with sale of flats following the decision of the Bombay High Court in the Maharashtra Chamber of Housing Society (MCHI) case.

September 07, 2012 / 19:34 IST

This EY Tax Alert analyses the applicability of VAT in the State of Maharashtra in connection with sale of flats following the decision of the Bombay High Court in the Maharashtra Chamber of Housing Society (MCHI) case.

The Supreme Court has granted an interim relief to the real estate developers in Maharashtra and has extended the timeline for the payment of VAT.

The Sales tax authorities have started the recovery proceedings following the order of the Bombay High Court.

first published: Sep 7, 2012 07:30 pm

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