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Builders & Developers

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(Querist)
12 November 2019 Respected Sirs,

Please guide me and oblige.

Whether builders and developers are fully exempted from GST ?

If it is certified by the architect that 70% portion of the whole building has been fully completed, there will be 100% exemption from GST on sale of flats and shops.
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
12 November 2019 No, Builders and developers are not fully exempted from GST

Only completed portion will be exempted and it will not be for 100% of building

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