Procedure for collection of VAT from construction agency and land development agency

SRO no.198/AIN/2019/55-Mushak

Whatever is stated in other rules, VAT will be received at the rate stated under VAT act 2012, rule no. 47 for land development agency & building construction agency. During the payment of sold land or building, if a person pays the imposed VAT fully or partially, he or she will not need to pay the VAT again during the time of deed registration. Dues of VAT imposed under this rule need to pay in full before the registration has taken place. Fine will be imposed on the person who violets the rules as per the act, section 85