https://www.taxtmi.com/article/detailed?id=5567 Haryana VAT circulars reversed earlier guidance by directing that the land component be included within the composition scheme taxable consideration, creating potential retrospective tax exposure, reassessment risk, and disputes over whether builders may recover additional tax from buyers. The change also generates operational uncertainty on WCT deduction obligations for individual purchasers, the prohibition on issuing tax invoices under composition, and whether contractual pass through clauses can legally shift the increased VAT burden to customers. en-us Sat, 12 Apr 2014 10:53:38 +0530 Sat, 12 Apr 2014 10:53:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5567 Haryana VAT circulars reversed earlier guidance by directing that the land component be included within the composition scheme taxable consideration, creating potential retrospective tax exposure, reassessment risk, and disputes over whether builders may recover additional tax from buyers. The change also generates operational uncertainty on WCT deduction obligations for individual purchasers, the prohibition on issuing tax invoices under composition, and whether contractual pass through clauses can legally shift the increased VAT burden to customers. Articles Value Added Tax - VAT and CST Sat, 12 Apr 2014 10:53:38 +0530 https://www.taxtmi.com/article/detailed?id=5567