GST on self constructed property
This query is : Resolved
Sonnal Khandaray
(Querist)
28 April 2022
Hi All
I am constructing a building on a plot of land owned by me. Total number of flats will be 14 and out of that I will sell 8 flats and will keep 6 flats for myself.
For construction, I will appoint a contractor.
What will be the implication of GST on 6 flats kept by me for myself?
Thanks in advance.
I am constructing a building on a plot of land owned by me. Total number of flats will be 14 and out of that I will sell 8 flats and will keep 6 flats for myself.
For construction, I will appoint a contractor.
What will be the implication of GST on 6 flats kept by me for myself?
Thanks in advance.
CA R SEETHARAMAN
(Expert)
28 April 2022
For the 6 flats kept by you GST of 18% payable to the contractor on his bill related to this flat and other flats.
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