Gst on builders & developers, on sale of flats

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2018 Dear Experts,
Pls clarify :- what % GST applicable on sale of flats whether inclusive land value or exclude land,

2) can we avail the ITC of materials like cement, Steele, architect services etc.

Thanks & Regards
Mohit gupta

04 January 2018 1 12% GST applicable on flat sale inclusive of land and 18% applicable excluding land.
2 Yes you can avail ITC on steel cement and architect service.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2018 But sir sec 17(5)(c) & 17(5)(D) restrict the ITC in case of immovable property I.e buildings... Pls clarify the same

04 January 2018 ITC on Immovable property is allowable only for those involved in the business on construction & sale of property, for other business persons ITC is restricted by 17(5).

05 January 2018 Yes agreed with the above reply.


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