IS GST APPLICABLE ON FLAT
IF YES HOW MUCH AND UNDER WHICH APPLICATION?
No GST over completion certified flat.......... but yes if under-construction @ 12% with land value
For under-construction property....... GST applicable over the payments to be made after 01.07.2017
It is applicable over price consideration, what ever be payment style....... (as per available data, 45 lakhs in this case)
Karia Overseas
Ahmedabad
CA
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CAclubindia
