Gst applicability on redevlopment

This query is : Resolved

PARASMAL JAIN (Querist)
Follow

24 June 2021 Is GST Applicable on rental and corpus fund payments made by real estate developer to existing flat members as hardship money , while entering into DA with the society for redevelopment
Pls consider the society as residential complex

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

25 June 2021 Yes GST is applicable

PARASMAL JAIN

PARASMAL JAIN (Querist)
Follow

26 June 2021 Can you elaborate with reasons as there are contradictory views on this.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

26 June 2021 Get a professional opinion on it.

PARASMAL JAIN

PARASMAL JAIN (Querist)
Follow

26 June 2021 Is GST Applicable on rental and corpus fund payments made by real estate developer to existing flat members as hardship money , while entering into DA with the society for redevelopment Pls consider the society as residential complex