{"id":19364,"date":"2013-06-26T05:30:02","date_gmt":"2013-06-26T05:30:02","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=19364"},"modified":"2020-06-15T04:02:11","modified_gmt":"2020-06-14T22:32:11","slug":"19364-haryana-government-levies-vat-on-real-estate-developers","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/","title":{"rendered":"Haryana Government Levies VAT on Real Estate Developers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-19365\" alt=\"vat-haryana\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg\" width=\"300\" height=\"250\" \/><strong>Chandigarh<\/strong>: Real estate in Haryana can just take a step back as the government is planning on imposing value added tax (VAT) on developers, promoters and builders of the state. The implementation of the tax has been brought about by chiefly the spurt of activity in real estate that has been taking place in the state. Speculations are being made that this tax can negatively affect buyers who will indirectly be paying the amount levied on the builder as tax.The tax will be levied on any builder or entity with an annual turnover of more than Rs 5 lakh. Therefore almost all builders and developers will have to pay the tax. The state government is will be using the tax amount to boast the state revenue.The tax will be levied only on developers who build houses and flats for purchasers. Builders can have two options for paying the VAT. Wither they can pay 4% of the entire project cost or they can produce the bills for various inputs like iron, sand etc and have VAT calculated on those bills. In the first case the builder will have to pay a VAT of RS 4 crore if the project turnover is Rs 100 crore. In the second case land and labour costs will not be considered for charging VAT. Haryana has a system in place when it comes to payment of VAT and it also has different slabs for different items such as VAT applicable for iron rods is 5% while that for sand is 13.2%Most developers are disappointed by the Haryana government&#8217;s decision and think of it as a negative signal for real estate development when the sector is already slowing down in the rest of the country not because every person has been given a home but because housing has simply went out of the affordability of the middle and lower income groups. Levying VAT is almost like forcing the developers to jack the property prices which will make it even harder for buyers to buy homes.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chandigarh: Real estate in Haryana can just take a step back as the government is planning on imposing value added tax (VAT) on developers, promoters and builders of the state. The implementation of the tax has been brought about by chiefly the spurt of activity in real estate that has been taking place in the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19364","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Haryana Government Levies VAT on Real Estate Developers -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Haryana Government Levies VAT on Real Estate Developers -\" \/>\n<meta property=\"og:description\" content=\"Chandigarh: Real estate in Haryana can just take a step back as the government is planning on imposing value added tax (VAT) on developers, promoters and builders of the state. The implementation of the tax has been brought about by chiefly the spurt of activity in real estate that has been taking place in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-26T05:30:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:32:11+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/\"},\"author\":{\"name\":\"gayatri\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"headline\":\"Haryana Government Levies VAT on Real Estate Developers\",\"datePublished\":\"2013-06-26T05:30:02+00:00\",\"dateModified\":\"2020-06-14T22:32:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/\"},\"wordCount\":353,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/06\\\/vat-haryana.jpg\",\"articleSection\":[\"Realty News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/\",\"name\":\"Haryana Government Levies VAT on Real Estate Developers -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/06\\\/vat-haryana.jpg\",\"datePublished\":\"2013-06-26T05:30:02+00:00\",\"dateModified\":\"2020-06-14T22:32:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/06\\\/vat-haryana.jpg\",\"contentUrl\":\"http:\\\/\\\/www.bharatestates.com\\\/blog\\\/wp-content\\\/uploads\\\/2013\\\/06\\\/vat-haryana.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/19364-haryana-government-levies-vat-on-real-estate-developers\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Haryana Government Levies VAT on Real Estate Developers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/#\\\/schema\\\/person\\\/1180a0f24df7b14521fe8fa55b2391fc\",\"name\":\"gayatri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g\",\"caption\":\"gayatri\"},\"description\":\"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/gayatri.subramanian\",\"https:\\\/\\\/x.com\\\/gayatris2106\"],\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/author\\\/gayatri-s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Haryana Government Levies VAT on Real Estate Developers -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/","og_locale":"en_US","og_type":"article","og_title":"Haryana Government Levies VAT on Real Estate Developers -","og_description":"Chandigarh: Real estate in Haryana can just take a step back as the government is planning on imposing value added tax (VAT) on developers, promoters and builders of the state. The implementation of the tax has been brought about by chiefly the spurt of activity in real estate that has been taking place in the [&hellip;]","og_url":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/","article_author":"https:\/\/www.facebook.com\/gayatri.subramanian","article_published_time":"2013-06-26T05:30:02+00:00","article_modified_time":"2020-06-14T22:32:11+00:00","og_image":[{"url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg","type":"","width":"","height":""}],"author":"gayatri","twitter_misc":{"Written by":"gayatri","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#article","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/"},"author":{"name":"gayatri","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"headline":"Haryana Government Levies VAT on Real Estate Developers","datePublished":"2013-06-26T05:30:02+00:00","dateModified":"2020-06-14T22:32:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/"},"wordCount":353,"commentCount":0,"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg","articleSection":["Realty News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/","url":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/","name":"Haryana Government Levies VAT on Real Estate Developers -","isPartOf":{"@id":"https:\/\/www.bharatestates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#primaryimage"},"image":{"@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#primaryimage"},"thumbnailUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg","datePublished":"2013-06-26T05:30:02+00:00","dateModified":"2020-06-14T22:32:11+00:00","author":{"@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc"},"breadcrumb":{"@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#primaryimage","url":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg","contentUrl":"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/vat-haryana.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bharatestates.com\/blog\/19364-haryana-government-levies-vat-on-real-estate-developers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bharatestates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Haryana Government Levies VAT on Real Estate Developers"}]},{"@type":"WebSite","@id":"https:\/\/www.bharatestates.com\/blog\/#website","url":"https:\/\/www.bharatestates.com\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bharatestates.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.bharatestates.com\/blog\/#\/schema\/person\/1180a0f24df7b14521fe8fa55b2391fc","name":"gayatri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05fef446311c70b4602d4501b704f7ff0efeba003ed7d981a68b741b2d819a2c?s=96&d=mm&r=g","caption":"gayatri"},"description":"The power of writing drives the author into exploring exciting dimensions of life. Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!","sameAs":["https:\/\/www.facebook.com\/gayatri.subramanian","https:\/\/x.com\/gayatris2106"],"url":"https:\/\/www.bharatestates.com\/blog\/author\/gayatri-s\/"}]}},"_links":{"self":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/19364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/comments?post=19364"}],"version-history":[{"count":1,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/19364\/revisions"}],"predecessor-version":[{"id":32001,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/posts\/19364\/revisions\/32001"}],"wp:attachment":[{"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/media?parent=19364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/categories?post=19364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bharatestates.com\/blog\/wp-json\/wp\/v2\/tags?post=19364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}