TMI BlogComposition DealerX X X X Extracts X X X X X X X X Extracts X X X X ..... sir, My client a hotelier is paying Karnataka VAT under composition scheme. In the year 2011-12 12-23, entered a joint development agreement in a new venture to construct hotel rooms 50/50. On advances received, voluntarily paid tax @4%. Separate books maintained for Hotel and construction services. Option of selecting 4% composition on construction services is not intimated to VAT office. O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fficer reassessed the taxes @ 14.5% on construction advances?. My client is a eligible dealer for composition scheme but not submitted the option leads to higher rate of Tax?. Please advice. - Reply By Bayyareddy DK - The Reply = sir, My client a hotelier is paying Karnataka VAT under composition scheme. In the year 2011-12 12-13, entered a joint development agreement in a new ventur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to construct hotel rooms 50/50. On advances received, voluntarily paid tax @4%. Separate books maintained for Hotel and construction services. Option of selecting 4% composition on construction services is not intimated to VAT office. Officer reassessed the taxes @ 14.5% on construction advances?. My client is a eligible dealer for composition scheme but not submitted the option leads to higher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rate of Tax?. Please advice. - Composition Dealer - Query Started By: - Bayyareddy DK Dated:- 26-1-2023 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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