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GST on Real Estate
Kindly late me know the rate of GST and its taxability if I want to purchase all flate on Ground +3 Floor
Replies (6)
Whether you are buying the units from any developer?
Are they under construction?
If yes to both....... GST will be applicable at 12% over agreement value......
I don't think GST is applicable on Real Estate .
If unit is ready to move what will be the rate of GST ??
No GST applicable, if the developer has obtained 'Completion certificate' for the units.
Is there any difference depends on floor ??
Not under GST act.........
Only difference is 'under-construction' (taxable) or 'competed' non-taxable.
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