2 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 28 July 2018
GST applicable on under construction flat.
Ready-to-move apartments will have no GST.
Ready-to-move apartments will have no GST.
Vinod Babu
(24196 Points)
Replied 28 July 2018
The GST is applicable, when the complex, building or flat, is sold before its completion and the consideration, whether in full or in part, is received before its completion. ... Conversely, if the entire sale consideration is paid after the building is completed, there is no GST liability.
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