Gst on under construction property
This query is : Resolved
17 July 2020
Our developer (underconstruction property is located in mumbai) is charging 8% gst on agreement value . Is it right ? We have registered an agreement on 11/06/2020
Who will receive the credit ?
Who will receive the credit ?
17 July 2020
Yes, if the construction of the project had started before 31/3/2019 then the builder has the option pay GST @ 8% otherwise it should be 5%.
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