GST on Real Estate

chandan Tiwari (Student CA IPC / IPCC) (214 Points)

06 June 2018

Kindly late me know the rate of GST and its taxability if I want to purchase all flate on Ground +3 Floor

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180068 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......

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NEERAJ JINDAL (91 Points)
Replied 07 June 2018

I don't think GST is applicable on Real Estate .

chandan Tiwari (Student CA IPC / IPCC) (214 Points)
Replied 07 June 2018

If unit is ready to move what will be the rate of GST ??

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180068 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

Is there any difference depends on floor ??

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180068 Points)
Replied 07 June 2018

Not under GST act.........

Only difference is 'under-construction' (taxable) or 'competed' non-taxable.

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