Gst on open plot sales with development
Mynampati Suresh (70 Points)
08 June 2024Mynampati Suresh (70 Points)
08 June 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168037 Points)
Replied 08 June 2024
GST is applicable over development charges at 18% rate, but not over land/plot.
CA Anoop Kumar Sharma
(Accounts Manager)
(1898 Points)
Replied 08 June 2024
The sale of a plot is not subject to GST. However, if there is development or construction component may be subject to GST @ 18%.
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