TaxTMI 
TaxTMI 
In preview of recent notification of Haryana Excise and Taxation department regarding VAT on developers, please share the clarity on the following
-CST purchase
-Recovery of VAT from space Buyer
Thanks
Haryana VAT
19 Aug 2014 
6 Replies 
5185 Views Asked by
Composition tax for developers: developers may opt for composition in lieu of VAT but cannot collect tax from buyers.
Composition tax for registered developers permits payment of a composition amount on agreement or stamp duty value in lieu of normal VAT, requires timely monthly payment subject to penalties, disallows input tax credit and tax invoices, imposes tax on goods sourced from outside the State, and prohibits the developer from collecting tax as a separate amount from the buyer. (AI Summary)
Composition tax for registered developers permits payment of a composition amount on agreement or stamp duty value in lieu of normal VAT, requires timely monthly payment subject to penalties, disallows input tax credit and tax invoices, imposes tax on goods sourced from outside the State, and prohibits the developer from collecting tax as a separate amount from the buyer. (AI Summary)