Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 18 June 2017
GST will be levied on purchase of under construction properties at 12%. Not on TDS to be deducted.
Maulik Shah
(12 Points)
Replied 18 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 18 June 2017
You didn't get my answer sir,
When the property has 'completion certificate' obtained; it is not under-construction property and hence exempt from GST levy !!!
Ompal Singh
(Student CA Final)
(53 Points)
Replied 18 June 2017
The transfer of completed immovable property by sale transaction will be outside the jurisdiction of GST and will be liable for stamp duty.
However certain provision are still under drafting process in relation to Real estate
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