Gst on open plot sales with development

08 June 2024

pl suggested the gst applicable on open plot sales with developments, but yes what's is the rate if tax , or any notification...

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185633 Points)
Replied 08 June 2024

GST is applicable over development charges at 18% rate, but not over land/plot.

CA Anoop Kumar Sharma (Accounts Manager) (2070 Points)
Replied 08 June 2024

The sale of a plot is not subject to GST. However, if there is development or construction component may be subject to GST @ 18%.

sabyasachi mukherjee (27730 Points)
Replied 09 June 2024

Gst rate 18% on open plot Sales.

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