09 May 2019
XYZ Co-Op Housing Society Limited “has done Redevelopment Agreement with PQR (Developer). XYZ entered in – Redevelopment Agreement in July 2015, which was registered also. In Feb 2019 -Redevelopment was completed and Occupation Certificate was received. Now Developer is asking for GST for the NEW CARPET AREA @ CONSTRUCTION COST @ 8% GST. Is the developer right in asking for GST?
10 May 2019
GST is leviable as, prima facie, the builder has provided construction service. However, detailed examination of agreement/transaction is required to formulate a final view.
CAclubindia
