Gst on flat purchased

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is there any gst on flat purchased for personal purpose?
Replies (5)

No, if flat is having completion certificate.......  i.e. ready to move in.

what's the relevant provision and section in this regard?

Transfer of completed property is not considered as rendering services to a buyer and thus does not attract GST. According to the CBEC's clarification, “Sale of building is an activity or consideration which is neither a supply of goods nor a supply of services. (Para 5 of schedule III of the CGST Act, 2017).” So if you buy a completed property, it will help you save money in form of tax.

Refer:  cbec/gst/GST_on_property

thanks a lot

My Pleasure

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