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GST APPLICABILITY
Is GST applicable on supply of right to use of land for construction of building and consideration is received in the form of flats.
Replies (1)
No..... As per Schedule III transfer of Share in Land (Sale of Land ) do not fall under Supply.
GST is liable to be paid when the
possession or right in the property of the said flats are
transferred to the land owner by entering into a „conveyance
deed‟ or similar instrument (e.g. allotment letter).
GST is liable to be paid when the
possession or right in the property of the said flats are
transferred to the land owner by entering into a „conveyance
deed‟ or similar instrument (e.g. allotment letter).
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