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Gst on new fat

BIKASH DEBNATH (8 Points)

10 February 2019

what will be the gst on a completed flat purchased by a 1st time buyer

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11 Replies

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 10 February 2019

Its 12% GST......................
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Vinod Babu (24191 Points)
Replied 10 February 2019

gst on a completed flat is 12%

pritesh (CA Final student) (7101 Points)
Replied 10 February 2019

12% is the rate.

Mohit lodhi (student) (952 Points)
Replied 10 February 2019

If flat is sold after issuance of completion certificate then GST will applicable..?

pritesh (CA Final student) (7101 Points)
Replied 10 February 2019

12% is the rate.

Mohit lodhi (student) (952 Points)
Replied 10 February 2019

what is HSN/SAC...?

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 11 February 2019

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.

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