can any one clarify the GST on completed projects and its stock. and tax payable .in service tax finished apartment completed one does not effect service tax.
But the status of the same finished project? in GST. CAN ANNY ONE GIVE SOLUTION.
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construction of apartments
Replies (9)
plz elaborate ur query properly , have u paid stax without rcept of payment or not?
hi
if the buiding is completed and then buiding development authority has certified, and if you are selling after such completion then NO GST
only Stamp duty
but please tell me clearly what is your query
Govind
but govind in your case u must not receive any payment before completion of flat
for completed projects after certificate of completion . no gst leviable.
yes Madam i agree that is my view but as i understand from Preeti mam that one should not have received any payment before the completion
Not sure
Govind
yes govind one shud not receive for availment of exemption. it shud be purely sale of flat
we didnt receive any payments from customers. the project completed 2 years before and handed over to the residents Association. we have still 6 unsold units in the apartment.
then ur sale of flats is exempt. under gst
then ur sale of flats is exempt. under gst
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