GST Applicable under construction property

210 views 2 replies

Service

222 Points Joined March 2009

Dear Sir,

details as below,

i have purchased Property i.e. flat in June 2019 and possession received in December 2023

now i have plan to resale our under construction property before possession then it is Applicable GST charge to buyer from my side?

Property value approx 2.5 Cr

please guide.

Replies (2)

SEO Sai Gr. Hosp.

196814 Points Joined July 2016

What type of agreement will you have, as you have not received possession yet?

If tripartite, you will not be entitled to GST paid earlier. Balance amount paid to builder will be paid by the purchaser with GST lability.

GST Practitioner

55062 Points Joined June 2017

Agree with reply by Sh Dhirajlal ji.

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