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Gst on flat
I am planning to buy a new flat. the flat construction is completed and it is ready for the possession. the construction is completed 1 year back. many people are living in the flat. when i asked the builder for price he said that you will have to pay GST 12% of the value. that comes to around 3 lakh in my case and the flat is going out of budget. Kindly guide me in this matter. As per the details available on the internet we dont have to pay GST for construction completed before 1st July 2017. please help me. thanking you all
Replies (6)
If u buy a complete house/flat then GST is not applicable.
Complete means u have not paid any advance, and builder has completion certificate
in that case it is simply sale of flat and it attract stamp duty not GST.
if I will not made whole payment means half payment I made to builder than ?
As per Schdule 2 (5)(b)
If you had paid any advance before the builder got CC , then Builder is liable to charge GST 12% . but if the whole consideration has been paid after CC , even though in installment , the GST does not Attracts (as per schedule 3 )
If you had paid any advance before the builder got CC , then Builder is liable to charge GST 12% . but if the whole consideration has been paid after CC , even though in installment , the GST does not Attracts (as per schedule 3 )
sir
Will builder will paid gst on registry of flat ?
Will builder will paid gst on registry of flat ?
No..................
| Originally posted by : Pankaj Rawat | ||
 |
No.................. |  |
BUT SIR WHEN BUILDER GIVE BILL OF FLAT TO BUYER . THEN HE WILL NOT CHARGE GST ON THEIR BILL ????
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