08 July 2024
Previously, when we buy new flat, the uds of land alone is registered. Stamp+fee @9% of land cost alone was paid. A separate agreement for construction is executed. GST @18% of building cost was paid.
Now, from Dec 1, 2023 in Tamilnadu. both uds of land and building was sold/ registered in a single deed. Stamp+fee @9% of cost [land + bulding] is paid.
Now, this transaction is considered as sale of house property. I feel, we need not to pay GST in this transaction.
CAclubindia
