One of my client has purchased ready to move in flat last year. The CC for flat was completed prior to 1st july 2017.
Month of agreement- may 2017 and part payment also made on may 2017.
Month of sale deed(registration)- july 2017 and balance payment made on july. Is gst applicable on this case?
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gst on property
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| Originally posted by : Ravi Das | ||
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One of my client has purchased ready to move in flat last year. The CC for flat was completed prior to 1st july 2017.Month of agreement- may 2017 and part payment also made on may 2017.Month of sale deed(registration)- july 2017 and balance payment made on july. Is gst applicable on this case? |  |
GST Not applicable on registration of Property
There is no GST applicable on purchase of completed flats.
As the agreement l was done before CC reced by builder
Now if the builder has already made provsion or shown the same in his service tax return , the payment reced by him in July then No GST is applicable , but if he has not, ..then he will charge GST on said amount.
Builder is not liable to charge GST on only those flats for which he have not reced any advance or no agreement is done before CC reced by him.
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