Hello sirs/ma'am
I am a builder and I want to know that if I sell offices for commercial and residential flats then how much GST I will have to levy on the value ?
If I sell all of them after the completion certificate then GST is not applicable. Am I right ?
Can I get input credit of GST for materials used in my apartment and commercial shops ?
Thank You.
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Quick Summary
No itc
no gst after completion certificate
purchase at least 80 % from registered suppliers
for clarity visit this website they have explained properly
https://cleartax.in/s/faqs-on-the-real-estate-sector-under-gst
no gst after completion certificate
purchase at least 80 % from registered suppliers
for clarity visit this website they have explained properly
https://cleartax.in/s/faqs-on-the-real-estate-sector-under-gst
Ok so no gst if I sell after completion certificate and 1% or 5% if I sell before completion certificate.
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