GST on Flat purchase 18%?
This query is : Resolved
29 July 2024
I had purchased residential flat in Bangalore recently . The flat was worth of 56 lakhs all payments were cleared. After few months builder called and asking for GST on it.
He says its 18% GST as it is a under construction flat.
There is no Possession certificate, but electricity connection was obtained . As per builder electricity connection to flat itself is the possession certificate.
I had paid 31 lakhs out of 56 lakhs before electricity connection .
is it liable to pay 18%GST on it?
First of all is the GST 18% valid for residential under construction flats?
He says its 18% GST as it is a under construction flat.
There is no Possession certificate, but electricity connection was obtained . As per builder electricity connection to flat itself is the possession certificate.
I had paid 31 lakhs out of 56 lakhs before electricity connection .
is it liable to pay 18%GST on it?
First of all is the GST 18% valid for residential under construction flats?
29 July 2024
Only 5% GST applicable on under construction flat.
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