Gst on purchase of commercial prop without occupancy cert
This query is : Resolved
31 January 2019
Dear Experts,
Is GST Applicable on Purchase of Physically Occupied Commercial Property (already tenanted at the time of registration) without Occupancy Certificate or Completion Certificate.
Also, please note that this property was purchased from the builder which he acquired as his share through a GPA cum development agreement.
Kindly advise.
Best Regards,
Aravind Bukka
Is GST Applicable on Purchase of Physically Occupied Commercial Property (already tenanted at the time of registration) without Occupancy Certificate or Completion Certificate.
Also, please note that this property was purchased from the builder which he acquired as his share through a GPA cum development agreement.
Kindly advise.
Best Regards,
Aravind Bukka
01 February 2019
GST applicable as completion certificate not obtained.
01 February 2019
Sir Seetharaman,
But the Seller in this case has already acquired this property as his share in the form of a GPA cum development agreement so does it not become a second sale. Also the seller has neither informed me nor taken GST at the time of sale (time of registration). What should be done in this case. Is it not his responsibility.
Sir, please clarify.
Best Regards,
Aravind Bukka
But the Seller in this case has already acquired this property as his share in the form of a GPA cum development agreement so does it not become a second sale. Also the seller has neither informed me nor taken GST at the time of sale (time of registration). What should be done in this case. Is it not his responsibility.
Sir, please clarify.
Best Regards,
Aravind Bukka
02 February 2019
It's only first sale as he is developing the flat. GST is his responsibility if he is not charging GST no need to worry.
02 February 2019
Sir Seetharaman garu, thank you very much for your response.
Best Regards,
Aravind Bukka
Best Regards,
Aravind Bukka
05 February 2019
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