GST on sale of residential flats
Bhumika Patel (14 Points)
03 August 2022suppose sale of affordable housing scheme is rs 100
gst 1% without ITC will be applicable on 77 rs or total 100 rs?
Bhumika Patel (14 Points)
03 August 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 03 August 2022
1% GST on total sale value (Rs. 100/-) without abatement...
Bhumika Patel
(14 Points)
Replied 04 August 2022
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 05 August 2022
1% is applicable on entire sale value including land value.
If you are taking 1/3rd of Rs.100, then the applicable rate would be 1.5%.