Abatement for under-construction building
Atul Handa (1 Points)
24 June 2017
Will there be abatement for under construction building under GST as we have currently in Service tax Act ?
2 Replies
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 24 June 2017
No there is no abatment is GST Act
You have to charge 12% of GST as per ACT
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly.
[The value of land is included in the amount charged from the service recipient]
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 24 June 2017
No there is no abatment is GST Act
You have to charge 12% of GST as per ACT
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly.
[The value of land is included in the amount charged from the service recipient]
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