GST on resale flat

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what will be the GST rate resale flat?
Replies (12)
There is no GST on resale of flat if completion certificate obtained

NIL, if completion  certificate available

Currently 6% charged for Registration. What is the GST effect on same?

6% is stamp duly and registration charges........ will remain same......... no change........

If completion certificate is not available and builder is ready to give NOC then what will be tax
Originally posted by : Kalpesh Dongare
If completion certificate is not available and builder is ready to give NOC then what will be tax

Any govt. notification/clause section,etc do you have? I am asking to other also.

if yes, please share it.

Hello Mr Agarwal. I am an investor. I bought a UC property and paid gst and took credit. Now the oc has come. When i sell it will i have to pay gst The property was bought in a llp and sold to an individul

First of all as per section 17(5) of GST you cannot take the GST credit of property that used for own purpose.

and second after the OC taken by the builder on property then there is no liability of GST arise and it will include in your cost of the property.

 

Is GST payable on seller for sale of old residential flats when completion certificate is not available

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 its Gaothan Grampanchayat flat..there is no CC / OC for the Flat/property.

 

Pls help and guide.

Hi Sir, have purchased resale flat in 2016 and but due to some reasons cidco transfer has delayed...and not while submitting all the fees they are asking for addition 18% on transfers charges. Will I have to pay the GST charges or not.?? I have OC and all legal builders doc with me.? Pls cnfrm
Hi Sir, have purchased resale flat in 2016 and but due to some reasons cidco transfer has delayed...and not while submitting all the fees they are asking for addition 18% on transfers charges. Will I have to pay the GST charges or not.?? I have OC and all legal builders doc with me.? Pls cnfrm


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