Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Land owner gst applicable on Selling Underconstruction flat?

This query is : Resolved 

04 February 2023 Hi members,
A query on GSt on Under construction. Flat which is being sold by the Land owner, during the Building is in Under-construction status and approved by Rera.
Query is How does the land owner pay gst. If yes, then how much gst needs to be filled. ??

05 February 2023 Provisions will differ on fact of the case whether the project is being developed under JDA or under simple contract. This may require an elaborate explanation

05 February 2023 Hi Altamush Sir,
Thank you for the reply .
Yes, The project is being developed under JDA, and it comes under Affordable Home Scheme under Mahanagar Palika .

05 February 2023 If under JDA landowner sells flats of his part GST will be applicable. Effect on ITC and liability of Builder will get impacted accordingly

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

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Follow us Zoho Course 2023

Answer Query