GST ON DOWN PAYMENT OF HOUSE

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student
750 Points Posted on 23 November 2020

Can someone let me know if GST is applicable on down payment made for booking an under construction flat?

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On 23 November 2020 at 21:30 Report
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This discussion clarifies whether Goods and Services Tax (GST) is applicable on down payments made for booking an under-construction flat. The consensus is that GST is indeed applicable to any payment made before receiving the completion certificate (CC) for the property.

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GST Practitioner
55067 Points Posted on 26 November 2020
Yes ........... GST Applicable.
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On 26 November 2020 at 23:12
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 27 November 2020

Yes, any payment made  before getting CC attracts GST.

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On 27 November 2020 at 00:26
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student
750 Points Posted on 29 November 2020

Ok.. Thank you guys for clarification !!

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On 29 November 2020 at 11:48

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