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CA Sandesh Mundra

Consult Us For Construction

Important Issues relating to Real Estate Transactions under VAT

Posted by on in Construction & Real Estate
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CA Sandesh Mundra, Consultant – Management Audit and Indirect Taxation - Chartered Accountant, Diploma in Information System Audit, Diploma in Insurance & Risk Management , Certificate from ICAI on International Financial Reporting Standards. Actively associated with clients in the industrial construction sector since last 9 years.He possesses special skills in structuring the indirect tax component of the works contracts and as management auditor, has visited several construction sites in various states like Orissa, Rajasthan, Gujarat, Maharasthra, Madhya Pradesh etc. During the course of said visits he has been to very large industrial complexes, refineries, power plants etc


  • Saturday, 22 February 2014

    Dear Sir,

    I am working a Real Estate company, now we are going to start Constructions of Villas, and Row houses, But the construction part we are giving to subcontract ( for material & labour ) , The sub contractor,s raising a bill stage wise completion of work, they charged service tax 12.36% *40% & VAT 2% of Total Cost.

    Now my doubt is can we make a bill to the client?. stage wise , If raised a bill what are the taxes applicable ? , Kindly suggest.


  • Consult Construction
    Consult Construction Monday, 24 February 2014

    You can raise the bill stagewise. You may apply the same tax rate which the sub-contractor is charging to you. although we normally give advice after going through all the contract terms. In case u wish to consult properly, please email us your query with all details at info@consultconstruction.com

  • Saturday, 01 March 2014

    Thanks for your response, Somebody(consultants) advised me , to take abatement method 25% that means 3.09% service tax of Total Cost & 1.25% of VAT of Total cost if treated as a builder. Mu point is What is that ? 1.25% Vat, is it correct?

  • Consult Construction
    Consult Construction Tuesday, 04 March 2014

    Depends which state you belong to. Pls consult with some local VAT consultant.

  • Consult Construction
    Consult Construction Tuesday, 04 March 2014

    Depends on which state you are working

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We are Ahmedabad based professional consulting firm. We are providing various services to Construction, Real Estate and Project Companies in various areas like Indirect Taxation – Service Tax & Multi state VAT consultancy, ERP implementation, Site & Management audit, Designing Tender & other related contractual documents etc.