Please Help: MVAT Return Form 233
Posted Date : 22-Apr-2014 , 01:30:24 pm | Posted By vishwas
As per MVAT Act, under composition scheme of sale of residential units, we have to pay VAT @ 1% on Flat sale price or market price whichever is higher.
Suppose The Agreement Value is 10,00,000 and Market Value is 15,00,000, then we have to pay VAT 1% of 15,00,000 that is 15,000/-
My question is , while filling return in MVAT form 233, under gross sales value, what we have to put - Market value or Actual Sale (Agreement) Value. ?
Suppose The Agreement Value is 10,00,000 and Market Value is 15,00,000, then we have to pay VAT 1% of 15,00,000 that is 15,000/-
My question is , while filling return in MVAT form 233, under gross sales value, what we have to put - Market value or Actual Sale (Agreement) Value. ?
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