gst on flats
shikha rani (article) (173 Points)
04 June 2018
I have received OC from municipality. How much gst I need to pay?
shikha rani (article) (173 Points)
04 June 2018
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).
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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