Gst tax on real estate
This query is : Resolved
05 December 2017
please advice me, the rate gst tax on under construction property is 12%, if the client is eligible for input tax credit or not.
05 December 2017
Yes GST is 12% including land cost ITC available for builder.
07 December 2017
Your client is not eligible for any input tax credit.
09 December 2017
If your client is a builder it is eligible for credit with no refund of overflow of ITC.
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