Confusion over VAT & ST with everybodyin B'lore

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bdakhan
Posts: 1
Joined: December 6th, 2012, 10:21 pm

Confusion over VAT & ST with everybodyin B'lore

Post by bdakhan »

Hi Friends,
I think there is confusion over VAT & ST calculation with everybody here in B'lore. Every builder is charging them differently. Anybody know what is the government norm, My builder s asking me the below, is it right? Please advice.

Construction value - 2714098
67% of Construction Value => 1818445 * 14.5% => VAT - 263674.655
33% of Construction Value => 895652 * 12.36% => ST - 110702.643
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