Gst on sale of Residencial Flat
This query is : Resolved
18 February 2020
Dear Sirs
I purchased the residential flat from a builder ( A registered partnership firm) for Rs.36,00,000 as per sale deed. But as per agreement of sale value for that flat is 48,00,000/-. I got bank loan for Rs.40 lakhs . I also paid Rs. 8 lakhs to the builder as per sale agreement . My question is on which amount i have to pay G S T to the builder i.e., either sale deed value of Rs. 36 lakhs or Sale agreement amount of Rs.48 lakhs. Kindly explain me.
I purchased the residential flat from a builder ( A registered partnership firm) for Rs.36,00,000 as per sale deed. But as per agreement of sale value for that flat is 48,00,000/-. I got bank loan for Rs.40 lakhs . I also paid Rs. 8 lakhs to the builder as per sale agreement . My question is on which amount i have to pay G S T to the builder i.e., either sale deed value of Rs. 36 lakhs or Sale agreement amount of Rs.48 lakhs. Kindly explain me.
19 February 2020
GST payable based on sale agreement value of 48 lacs.
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