GST applicability on Purchase of flats

what rate of GST on Purchase of Flat ?
Replies (7)

For ready to occupy flats (having CC) no GST applicable, otherwise 12% over total  cost (including land value) for unser-construction flats/units.

For ready to occupy flats (having CC) no GST applicable, otherwise 12% over total  cost (including land value) for under-construction flats/units.

 

While registration of property on which GST was charged @ 12%, stamp tax to be paid on total consideration value including GST or total consideration excluding GST component?

including land ?

On value of property agreement, which is usually without GST. GST is charged additionally on behalf of government.

I.e,  when value of land or its share is inclusive in the cost of property like apartment.

Whenever there are seperate agreement of land and construction of property, then 18% GST over the works contract.

I guess two separate agreement can't be made unless it is sale of villa.in case of sale of flats one third deduction should be made from sale consideration and GST should be paid at 18% on 2/3rd Value of consideration

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details