Posted On : 19 March 2024
In Reply To :
GST APPLICABLE ON REDEVELOPMENT OF RESDIENCE PREMISES BY BUILDER OR OWNER
12% GST applicable before 31st March 2019.
It's after 01/04/2019, vide Notification No. 03/2019 CT(R) dated 29th march 2019.
in redevelopment projects, the GST is levied at the rate of 5% on the apartments handed over to stake holders.
Land lord has to bear the GST.