Gst on newly constructed flat
This query is : Resolved
Vidyadhar S. Patil
(Querist)
21 January 2019
What is the rate of GST on newly construced flat? A builder has started construction after 01/07/2018 and now want to sell of the flats. What is GST rate applicable for construction of flat?
CA Maulik Bagdai
(Expert)
22 January 2019
If you are taking advance or selling the flat before "completion certificate" or "occupancy certificate" then 12% GST applicable on that particular flat.
If you have not taken a single rupee of advance and selling after the "completion certificate" or "occupancy certificate" then no GST.
If you have not taken a single rupee of advance and selling after the "completion certificate" or "occupancy certificate" then no GST.
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