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Gst on new fat
what will be the gst on a completed flat purchased by a 1st time buyer
Replies (11)
Its 12% GST......................
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gst on a completed flat is 12%
12% is the rate.
If flat is sold after issuance of completion certificate then GST will applicable..?
12% is the rate.
what is HSN/SAC...?
Sorry for above reply
As per schdule 2 clause 5 , if the flat sold after the CC reced by Builder GST is not applicable , So there will be no GST applicable in Your Case.
But ... As the builder has to Reverse the ITC attributable to that particular flat sold to you (as per rule 42, ) he will charged the same from you in cost of flat.
As per schdule 2 clause 5 , if the flat sold after the CC reced by Builder GST is not applicable , So there will be no GST applicable in Your Case.
But ... As the builder has to Reverse the ITC attributable to that particular flat sold to you (as per rule 42, ) he will charged the same from you in cost of flat.
Can builder claim ITC on construction of flat even though it is a immovable property..?
Yes ... he can claim ITC
Can I get any benefits on IT return on GST paid n purchase a new flat
No....................
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