Gst and stamp duty on residential property
This query is : Resolved
Manish Agrawal
(Querist)
19 October 2018
As a buyer, do we need to pay GST while buying property and pay stamp duty while registration on total sale value including GST component?
Assume example:
Price of flat- 50 lacs
GST: 6 lacs
Total consideration: 56 lacs
Stamp duty to be paid on 50 lacs or 56 lacs?
Assume example:
Price of flat- 50 lacs
GST: 6 lacs
Total consideration: 56 lacs
Stamp duty to be paid on 50 lacs or 56 lacs?
GULRAJ AILANI
(Expert)
19 October 2018
Stamp duty is on Purchase of Property and not on the payment of GST.
on that logic it should be on Rs. 50 Lacs only.
on that logic it should be on Rs. 50 Lacs only.
Manish Agrawal
(Querist)
19 October 2018
Is there clear circular on this?
GULRAJ AILANI
(Expert)
19 October 2018
Sir, Corresponding state stamp act should be referred
19 October 2021
Stamp duty is paid on agreement value. & agreement value for the property is without GST. Though GST is charged on behalf of Government, it is not included in the value of the property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
