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August 2010

Notification No. 1510/CR-65/Taxation-1.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta, Sejal Vasa
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Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia,
Brijesh Cholera, Pratik Mehta
Chartered Accountants
Sejal Vasa
Company Secretary

Part B : INDIRECT TAXES

MVAT UPDATE

MVAT Notification

90 Notification No. 1510/CR-65/Taxation-1.

By this Notification Composition Scheme of 1% MVAT has been offered as an
option to registered dealers who undertake construction of flats, dwellings or
buildings or premises and transfer them along with land or interest underlying
the land in pursuance of an agreement registered on or after 1-4-2010. Terms and
conditions for availing this scheme are specified in the Notification.


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