GST on Real Estate
chandan Tiwari (Student CA IPC / IPCC) (214 Points)
06 June 2018chandan Tiwari (Student CA IPC / IPCC) (214 Points)
06 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171163 Points)
Replied 07 June 2018
Whether you are buying the units from any developer?
Are they under construction?
If yes to both....... GST will be applicable at 12% over agreement value......
chandan Tiwari
(Student CA IPC / IPCC)
(214 Points)
Replied 07 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171163 Points)
Replied 07 June 2018
No GST applicable, if the developer has obtained 'Completion certificate' for the units.
chandan Tiwari
(Student CA IPC / IPCC)
(214 Points)
Replied 07 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171163 Points)
Replied 07 June 2018
Not under GST act.........
Only difference is 'under-construction' (taxable) or 'competed' non-taxable.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)