gst on flats
shikha rani (article) (173 Points)
04 June 2018
I have received OC from municipality. How much gst I need to pay?
2 Replies
CA Padmasri Manyam
(CA in Practice)
(1340 Points)
Replied 04 June 2018
Supply of flat after obtaining OC is not taxable under GST (Supply of immovable property- Schedule III).
Proportaionate Input tax credit has to be reversed if availed earlier (section 17(2) of CGST Act).
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