do we require vat
Hi we have started a partnership firm in bangalore we will be involved in construction work contracts and property marketing do we need to register for vat and service tax.
Yes you need to register under VAT and Service tax. Your business looks like works contract and you have to charge service tax and vat.
Thank you for the reply may i know what will be the cost for getting vat and service tax done
Cost for VAT registration will be around 15000 and service tax 4000. The fees is including professional charges, if you wish to do it by yourself, you may save professional cost.