GST RATE on sale of Row Bunglow
This query is : Resolved
09 October 2021
I have a plot . I am going to develop three row bunglow on such plot. Size of each row bunglow is 70 sq. meter. Price each row bunglow is Rs 35 lakh.
I have a question .
What will be the GST Rate if i have sold before completion & after completion ?
Any GST RCM will be applicable on purchases ?
Please reply . I am waiting for your valuable support.
I have a question .
What will be the GST Rate if i have sold before completion & after completion ?
Any GST RCM will be applicable on purchases ?
Please reply . I am waiting for your valuable support.
09 October 2021
1% GST applicable before on sale before completion. No GST sale after completion.
RCM applicable for non compliance of the condition in Notification No. 3/2019 dated 29th March 2019 specifies that 80% of inputs and input services should be procured from registered person.
RCM applicable for non compliance of the condition in Notification No. 3/2019 dated 29th March 2019 specifies that 80% of inputs and input services should be procured from registered person.
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