Service tax & VAT on Under Counstructed Flat, Service Tax

[Saurabh Singh]

Dear All

 

I have Following queries relating to Service tax & VAT on Builders & Devlopers, Kindly help to solve the same

1. Can O.C.(Occupation Certificate) and CC (Complition Certificate) are same as if some one get OC still he require to get CC

2. Why VAT is Not applicable once Builders obtain CC From Prescribed Authority

 

Posts / Replies

[Pradeep Khatri]

Well, Occupation Certificate is required to be obtained by the occupier of the flat/house as the case may be from the jurisdiction Municipal corporation.  Where Complition Certificate is required to be obtained by the Builder from the Jurisdictional Municipal Corporation.

In some States both are used as synomins.

Now in Maharastra, VAT is also applicable on the dwelling flats due to change in MVAT Act recently.