Dear All
I have Following queries relating to Service tax & VAT on Builders & Devlopers, Kindly help to solve the same
1. Can O.C.(Occupation Certificate) and CC (Complition Certificate) are same as if some one get OC still he require to get CC
2. Why VAT is Not applicable once Builders obtain CC From Prescribed Authority
Understanding Service Tax and VAT on Under-Construction Flats: Occupation vs. Completion Certificate Requirements A query was raised about the applicability of service tax and VAT on under-construction flats, specifically regarding the necessity of obtaining both an Occupation Certificate (OC) and a Completion Certificate (CC) and the applicability of VAT after obtaining a CC. The response clarified that an OC is required by the occupier, while a CC is required by the builder from the municipal corporation. In some states, these terms are used interchangeably. Additionally, due to recent changes in the MVAT Act in Maharashtra, VAT is applicable to dwelling flats. (AI Summary)
TaxTMI 
TaxTMI 
