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Gst on flats


CA Ankit Agarwal (CA, CS)     06 March 2018

CA Ankit Agarwal
CA CS 
 63 likes  688 points

| My Other Post

The landlord has got 5 flats as his share.
Will GST be applicable if I purchase the flat from him?

The flats are complete, but comnpletion certificate is not received yet.

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     06 March 2018

Dhirajlal Rambhia
KVO Merau Kutchh 
 9222 likes  93315 points

View Profile | My Other Post

Prima facie GST is not levied over the sell transaction from owner, as he is not a developer.....

But practically, he transfers his liability to pay GST over his shares of GST to be paid to developer for development of land..... over the flat purchaser/s!!!

1 Like
avater

CA Ankit Agarwal (CA, CS)     06 March 2018

CA Ankit Agarwal
CA CS 
 63 likes  688 points

View Profile | My Other Post

So , it means I need to pay GST on the value of flat?

 

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     06 March 2018

Dhirajlal Rambhia
KVO Merau Kutchh 
 9222 likes  93315 points

View Profile | My Other Post

Can clarify or negotiate terms.... (otherwise also he may not have GSTIN !!!)

1 Like

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