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GST IMPLICATIONS ON FLAT WHICH ARE 90% COMPLETED
Need to know what will be GST implications on those flats which are under construction but 90% completed.
Replies (3)
For demand raised after 1st July, GST is to be collected at 18%.
90%work completed but if flats unsold 40%?
Fully taxable if sold as such (at 90% stage). Fully not taxable, if sold after obtaining completion certificate from competent authority.
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