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.


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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Follow us


Answer Query