Query
Himanshu Jain (234 Points)
23 May 2018
WHAT IS THE RATE OF GST ON SALE OF FLATS BY A PRIVATE BUILDER
3 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 23 May 2018
| Originally posted by : Himanshu Jain | ||
 |
WHAT IS THE RATE OF GST ON SALE OF FLATS BY A PRIVATE BUILDER |  |
No Tax Rate on Building Sale under GST
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 23 May 2018
GST will not be applicable for ready-to-move-in properties.In other words, Transfer of completed property is not considered as rendering services to a buyer and thus does not attract GST.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 May 2018
Yes GST is not applicable for the flats sold after getting the completion certificate.... But The ITC claim on construction for same is to be reverse
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