29 July 2024
I had purchased residential flat in Bangalore recently . The flat was worth of 56 lakhs all payments were cleared. After few months builder called and asking for GST on it.
He says its 18% GST as it is a under construction flat. There is no Possession certificate, but electricity connection was obtained . As per builder electricity connection to flat itself is the possession certificate.
I had paid 31 lakhs out of 56 lakhs before electricity connection .
is it liable to pay 18%GST on it? First of all is the GST 18% valid for residential under construction flats?
CAclubindia
