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TMI BlogHaryana VATX X X X Extracts X X X X X X X X Extracts X X X X ..... Haryana VAT X X X X Extracts X X X X X X X X Extracts X X X X ..... r Rajendra, Can you please share with us the Notification number you are referring in your query? Regards YAGAY and SUN (Management and Indirect Tax Consultants) Reply By Rajendra Pant: The Reply: Thanks for your response. Notification no. is as follows: No. S.O.88/H.A. 6/2003/S 60/2014 dated 12th August, 2014 Thanks Reply By Pradeep Khatri: The Reply: Dear Rajendra, The new/y inserted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rule 49A read with Section 9 the HVAT Act, 2003 read with Rules made thereunder enumerates that * Duly registered Developer has an option to pay 1% tax on the gross value of the agreement or the value for the purpose of levy of stamp duty, (whichever is higher) in lieu of payment of normal tax within 15 days of the close of month. * No goods would be purchased out side Haryana. * If goo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds are purchased/received/transferred from outside of Haryana then, the development would have to pay the appropriate tax on sale of such goods. * No VAT/Input Tax would be available/adjusted and no Tax Invoice would be issued. * Non payment of tax within 15 days of the close of month will surely attract penal provisions as prescribed in HVAT Act read with Rules made thereunder. This is for y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ou kind information. Regards YAGAY and SUN (Management and Indirect Tax Consultants) Reply By ganeshan kalyani: The Reply: Hi, I would add a point to Mr.Rajendra Pant query. The first question as regard CST purchase is already clarified by Mr.Pradeep Sir as usual by his quick reply. As regard second query that - Recovery of VAT from Space Buyer, I would add that VAT befalls on ultimate custo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mer. The builder is suppose to discharge his liability but he may recover it from the buyer and pay to the Exchequer. regards, ganeshan Reply By ganeshan kalyani: The Reply: Dear Sir, I would re-submit my reply : As per Notification, Rule 49A is inserted and sub-rule 2 specify certain conditions. The composition developer opting for composition under this scheme shall, (iii) not collect any a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount by way of tax under the Act;
The second query is hence cleared.
regards,
ganeshan
Reply By Rajendra Pant:
The Reply:
Dear Mr. Pradeep/Mr.Ganeshan,
Thanks for your inputs X X X X Extracts X X X X X X X X Extracts X X X X
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