Sale of property
This query is : Resolved
06 August 2018
Dear All
I have one property which I am constructing my individual property for sale purpose. I am a individual person not a company or firm. If I take advance from the party on sale of under construction property, then Is the GST Applicable in my case and if yes what is the rate I should take from the buyer.
I have not having GST No.
Pl guide.
Regards
I have one property which I am constructing my individual property for sale purpose. I am a individual person not a company or firm. If I take advance from the party on sale of under construction property, then Is the GST Applicable in my case and if yes what is the rate I should take from the buyer.
I have not having GST No.
Pl guide.
Regards
06 August 2018
In my opinion, if you take advance before completion of Property then, GST is applicable. However, if you complete property and arrange completion certificate from authorised person, then You come out of the preview of applicablity of GST. It is suggested that, Firstly complete your property, then sale
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