Aplicability on construction business
This query is : Resolved
15 July 2018
I have purchased a Land 2 year ago for 30 Lakh. Now I have given contract for construction of 4 flats on my land to the third party for 30 lakh + GST.
Now I have sold the four flats for 75 lakh.
Will GST be applicable on me as an individual.
Now I have sold the four flats for 75 lakh.
Will GST be applicable on me as an individual.
CA R SEETHARAMAN
(Expert)
15 July 2018
Yes GST applicable if you sell the flats under construction. GST not applicable if sold after completion.
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