hello. my client is retailer. and they will purchase a property.
my query is that can I claim a gst input credit on purchase of property. ?
and what is there procedure?
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Claiming of gst credit on purchase of property
Replies (4)
No, you can't claim GST credit on immovale property
Dear All,
I had purchased gaothan flat in 2015 ready to move in flat in Vashi Navi Mumbai before GST.
I had an MOU signed with Builder..
Stamp duty registration haven't done due to financial issue and now i am planning to sell it.
The buyer has sought loan from Finance company and the loan may disburse into Builders account.
The buyer will perform and pay stampduty registration appropriately.
Trust no 12% GST will be apply for above scenario since the flat was ready to move in and just that ownership has been changed for old flat.
Since this property falls under gaothan/grampanchayat there is no OC/CC for the flat/property
Pls help and guide.
Hi Mayurbhai. Is there any notification. if it is available can you send it?
and same rules apply in commercial and residential?
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