Purchase of new flat
Jason George (9 Points)
22 June 2017I wanted to buy ready and completed flat for myself..
I wanted to know should I wait till GST is implemented or should I buy as soon as possible??
Jason George (9 Points)
22 June 2017
CA. Apoorva Katakwar
(Chartered Accountant)
(137 Points)
Replied 22 June 2017
Hello,
Purchase of building which has already been completed, does not fall in the ambit of GST law. Such building is not "goods" under GST law.
You will be paying stamp duty on this transaction and not GST.
I hope this helps :)
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 June 2017
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