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sell of flat

24 June 2017

i have 2bhk cidco flat at vashi navi mumbai. currently the news of g.s.t has cause a little issues over here.
as such my flat is around 68lakhs nd earlier the purchaser had to pay 11 percent taxes (including everything) but because of g.s.t there are news that there would be increase in the tax for the purchaser?
so if i find buyer than what would be the taxes he has to pay while registration? and how much percentage it would be ?

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5 Replies

dattaraj meshram (68 Points)
Replied 24 June 2017

it's property if u r not a builder, no GST fear.

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Studentsca (CA Practice ) (3577 Points)
Replied 25 June 2017

There is no GST ON resale of Property.

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Sumit Parab (7 Points)
Replied 25 June 2017

but there are hoardings near by registration office saying that there would be increase in the taxes and for which there is written that from july registration of resale propertiez will be charged by g.s.t and not by previous tax system? pls let me know