Dear Sir,
Please guide us I want to purchase a Commercial Property is GST applicable or not or which tax rate will be applicable.
4 Replies
Kranti Pawar
(Tax & Audit Assistant)
(166 Points)
Replied 12 March 2019
gst is applicable only if you go for under construction property.. if you chose property who has cc or who grant u possession whichever is earlier and then you make the payment provided u hv not paid single penny before getting cc or possession then no gst will be charged
saurabh sawlani
(2191 Points)
Replied 12 March 2019
In addition, gst charged on commerical property - 18%
Kranti Pawar
(Tax & Audit Assistant)
(166 Points)
Replied 12 March 2019
yes.. rate is 18 % as of now..
pritesh
(CA Final student)
(7101 Points)
Replied 12 March 2019
Yes gst applicable
12 % on on total value or 18% of 2/3 value Of property
12 % on on total value or 18% of 2/3 value Of property
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