Gst
This query is : Resolved
Quick Summary
29 July 2020
i want to Know , if someone Buy Property and they construct it after that they will sell... How and what rate of gst will apply...
CA R SEETHARAMAN
(Expert)
29 July 2020
5% GST applicable on under construction property. No GST applicable on sale after obtaining completion certificate.
29 July 2020
On what value gst will applicable . for eg-if i purchase property of RS.25 LAKHS And I Expand 5 lakh on it for construction basis. and I sell property on 37 lakh . So how will calculate gst .
CA R SEETHARAMAN
(Expert)
29 July 2020
5% GST payable on 37 lacs.
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