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.
15 July 2018
Yes GST applicable if you sell the flats under construction. GST not applicable if sold after completion.
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