Gst on open plots
This query is : Resolved
28 August 2017
Hi All
I am planning to purchase a plot in Hyderabad and when i have called the builder he was saying that the registration charge is 6% and GST is 12% on top of it.
Say if i purchase a 110 sq yr for 5000/-yd. It accounts to 550000 so what would be total charge after 6% and 12% GST.
I am bit confused as i have heard that there is no GST on open plots.
I am planning to purchase a plot in Hyderabad and when i have called the builder he was saying that the registration charge is 6% and GST is 12% on top of it.
Say if i purchase a 110 sq yr for 5000/-yd. It accounts to 550000 so what would be total charge after 6% and 12% GST.
I am bit confused as i have heard that there is no GST on open plots.
28 August 2017
No GST on open plot GST applicable on flats under construction.
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