06 March 2019
I heard that from April 2019 onward GST will be 5% on property purchase. Hello,
I buy one flat under construction at Nashik in Sept 2018 and registered it by paying registration and stamp duty amount. Amount paid almost 70%. At the time of purchase developer give quotation with 12% GST. We are expecting possession of property in May end or June 2019. Please tell me GST shall be applicable at what rate? 5% or 12%?Also tell me GST shall be charged 12% on what we pay already and on balance amount 5% or 5 % on entire amount. I have received receipt of the paid amount from builder where he did not mention GST amount separately.
CAclubindia
