Applicability of value added tax, VAT + CST

[DEBABRATA ROY]

Whether a partnership firm engaged in the business of developing building on its own land or joint venture with any land lord and later selling out to customer for both residential or commertial purpose are subjected to VAT as per West Bengal VAT.Seeking unambiguous opinion whether VAT applicable or not at present

Posts / Replies

[Surender Gupta]

There are certain decisions of Supreme Court and Allahabad High Court on the issue of Works Contract related to query raised by you. (2006 TMI - 493 and 2007-TMI-1440). Once the case is decided in accordance with the above decisions, I think the issue related to VAT would become easy.