Gst and stamp duty on residential property
This query is : Resolved
19 October 2018
As a buyer, do we need to pay GST while buying property and pay stamp duty while registration on total sale value including GST component?
Assume example:
Price of flat- 50 lacs
GST: 6 lacs
Total consideration: 56 lacs
Stamp duty to be paid on 50 lacs or 56 lacs?
Assume example:
Price of flat- 50 lacs
GST: 6 lacs
Total consideration: 56 lacs
Stamp duty to be paid on 50 lacs or 56 lacs?
19 October 2018
Stamp duty is on Purchase of Property and not on the payment of GST.
on that logic it should be on Rs. 50 Lacs only.
on that logic it should be on Rs. 50 Lacs only.
19 October 2018
Is there clear circular on this?
19 October 2018
Sir, Corresponding state stamp act should be referred
19 October 2021
Stamp duty is paid on agreement value. & agreement value for the property is without GST. Though GST is charged on behalf of Government, it is not included in the value of the property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Sale of property furniture sale
- Applicability of Tax audit u/s 44AB of income tax act, 1961
- Question about eligibility for tax rebate u/s 87A
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
Trending Online Classes
CAclubindia
