Gst on open plot sales with development

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70 Points Posted on 08 June 2024
pl suggested the gst applicable on open plot sales with developments, but yes what's is the rate if tax , or any notification...
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On 08 June 2024 at 13:45 Report
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When selling an open plot with development, GST is generally not applicable to the land itself. However, any development or construction charges associated with the plot are typically subject to an 18% GST rate. This distinction is important for understanding tax obligations on such transactions.

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SEO Sai Gr. Hosp.
212569 Points Posted on 08 June 2024

GST is applicable over development charges at 18% rate, but not over land/plot.

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On 08 June 2024 at 14:23
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Accounts Manager
2070 Points Posted on 08 June 2024

The sale of a plot is not subject to GST. However, if there is development or construction component may be subject to GST @ 18%.

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On 08 June 2024 at 15:37
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Profession
28271 Points Posted on 09 June 2024
Gst rate 18% on open plot Sales.
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On 09 June 2024 at 21:33

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