Gst for resale flats

967 views 3 replies

Dipankar Maitra

10 Points Joined December 2017

Hello,

I am purchasing a flat from the owner who had been the landowner of the building complex and has jointly built the complex with the promoters. The flat is complete and i am living currently in rent in the same flat. I have 2 questions:

1. Is this purchase a resale transaction? Or a first hand purchase?

2. The building complex does not yet have a completion certificate as another tower is being built but the flat that i reside in as a rented apartment and which i am purchasing has the 'possession certificate' (I believe its the occupancy certificate). Is GST applicable on this purchase in this case?

Thank you in advance for your inputs.

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210785 Points Joined July 2016

1. Depends upon status of the land owner, but generally second sale.

2. Once occupancy certificate obtained from municipality, no GST applicable. (Otherwise, when seller is not registered with GST, he cannot charge GST)