Gst on real estate
This query is : Resolved
09 December 2018
I had purchased a under construction flat in Dec 2016 & paid 80% value through home loan account, & paid Service tax on this amount only. Further in August 2017 paid 15% of flat value along with 12% GST on this amount. Now builder got OC for our building. Do I have to pay GST on balance 5% amount also?? @ 12%???
Please reply. Thank you
Please reply. Thank you
10 December 2018
Yes GST has to be paid on balance 5% as well. Only for the flats/units which are sold post OC, No GST will be applicable.
10 December 2018
Yes, GST Has to be paid on balance 5% of the amount as well. Rule is that GST is not applicable on the units sold post OC.
10 December 2018
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