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Gst

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(Querist)
29 July 2020 i want to Know , if someone Buy Property and they construct it after that they will sell... How and what rate of gst will apply...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 July 2020 5% GST applicable on under construction property. No GST applicable on sale after obtaining completion certificate.
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Ashok Jha

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Ashok Jha (Querist)
29 July 2020 On what value gst will applicable . for eg-if i purchase property of RS.25 LAKHS And I Expand 5 lakh on it for construction basis. and I sell property on 37 lakh . So how will calculate gst .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 July 2020 5% GST payable on 37 lacs.

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