Gst on flat sold

Assuming that no Occupancy certificate GST has to be paid @ 12% on the total value (value of construction+land). GST to be collected and paid as on when the due date arises for the installments.

If Occupancy certificate is received then GST is not applicable.

Assuming that no Occupancy certificate GST has to be paid @ 12% on the total value (value of construction+land). GST to be collected and paid as on when the due date arises for the installments.

If Occupancy certificate is received then GST is not applicable.

IF MY AGREEMENT IS REGISTERED IN 5/08/2017 AND FIRST INSTALLMENT OF RS.2000000 IS RECEIVED IN 05/09/2017, THEN I HAVE TO PAY GST @ 12% IN MONTH OF SEPT ON RS. 500000/-??????

Assuming due date to receive and actual date of receipt of Rs.20,00,000 is 05/09/2017 then GST has to be paid on before 20th Oct 17 and returns have to be filed. GST amt = 20,00,000*12/112 =Rs.214,285 (assuming tax amt is included in the installment) or Rs.240,000 (if tax amt is exclusive).

Note that gst is not payable for ready to move in flats