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.
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Gst on flats
Replies (3)
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!!!
So , it means I need to pay GST on the value of flat?
Can clarify or negotiate terms.... (otherwise also he may not have GSTIN !!!)
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