GST ON REDEVEELOPMENT SCHEME

CA DIMPLEKUMAR V. SHAH (CHARTERED ACCOUNTANTS) (72 Points)

30 December 2019  

IN REDEVELOPMENT SCHEME EXISTING MEMBER ARE GETTING FLATS WITH EXTRA AREA WITHOUT ANY CHARGE.

THERE IS  INCREASES FROM 65 SQ MTR TO  85 SQ MTR .

WHETHER DEVELOPER HAS TO PAY GST ON ENTIRE MARKET PRICE OR ON ONLY ON EXTRA AREA  GETTING BY EXISTING OWNERS OR SIMPLY NOT TO PAY ?????

NEW FLATS ON NEW FLOOR SALE PRICE BELOW 45 LAKHS . WHAT ARE RATE OF GST WITH INPUT CREDIT & WITHOUT INPUT CREDIT ???  IF SALE PRICE ABOVE 45 LAKS WHAT WILL BE THE RATE OF GST??

CA DIMPLE SHAH