GST APPLICABLE ON REDEVELOPMENT OF RESDIENCE PREMISES BY BUILDER OR OWNER

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This query is : Resolved

KLD SHAIKH (Querist)

18 March 2024 HELLO FRIENDS MY NAME IS KHALID FROM BOMBAY THRE IS AN QUESTION REGARDING GST 12% ON REDEVELOPMENT OF PREMISES BY BUILDER/OWNER/LANDLORD
MY BUILDER IS NOT GIVING ME MY PREMISES POSSESSION AS HE IS ASKING GST 12% ON CONSTRUTION COST AND ACCOMODATION WHICH COME AROUND RS. 9 LAKHS

WANT TO KNOW THAT OLD BUILDING TENANT IS LAIBLE TO PAY(GOODS
AND SERVICE TAX)GST 12% ON BUILDING CONSTRUCTION COST
TO THE LANDLORD OR BUILDER OR DEVELOPER WHO IS UNDERTAKING
RESIDENCE PREMISES REDEVELOPMENT OF THE PROPERTY STRUCTURE
( RESIDENCE PREMSIES MEASURING 660 SUQARE FEET CARPET WITH NO STAMP DUTY)

WHETHER OLD BUILDING RESIDENCE TENANT IS LAIBLE TO PAY GST 12%
ON COMPENSATION RENT GIVEN BY LANDLORD OR DEVELOPER OR BUILDER TO
THE RESIDENCE TENANT FOR ALETRNATE ACCOMODATION FOR REDEVELOPMENT
OF RESIDENT PROPERTY STRUCTURE TILL THE PROJECT COMPLETION
(Rs.2,50,000 ANNUAL RENT)

KINDLY SUBMIT SECTION AND HARD COPY DETAILS PROOF OF ABOVE APPLICABLE GST

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 March 2024 12% GST applicable before 31st March 2019.

It's after 01/04/2019, vide Notification No. 03/2019 CT(R) dated 29th march 2019.

in redevelopment projects, the GST is levied at the rate of 5% on the apartments handed over to stake holders.
Land lord has to bear the GST.

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