Menu
Gst on new fat
what will be the gst on a completed flat purchased by a 1st time buyer
Replies (11)
Its 12% GST......................
.
.
gst on a completed flat is 12%
12% is the rate.
If flat is sold after issuance of completion certificate then GST will applicable..?
12% is the rate.
what is HSN/SAC...?
Sorry for above reply
As per schdule 2 clause 5 , if the flat sold after the CC reced by Builder GST is not applicable , So there will be no GST applicable in Your Case.
But ... As the builder has to Reverse the ITC attributable to that particular flat sold to you (as per rule 42, ) he will charged the same from you in cost of flat.
As per schdule 2 clause 5 , if the flat sold after the CC reced by Builder GST is not applicable , So there will be no GST applicable in Your Case.
But ... As the builder has to Reverse the ITC attributable to that particular flat sold to you (as per rule 42, ) he will charged the same from you in cost of flat.
Can builder claim ITC on construction of flat even though it is a immovable property..?
Yes ... he can claim ITC
Can I get any benefits on IT return on GST paid n purchase a new flat
No....................
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
