Menu
gst on real estate business
whether gst is applicable on real estate? If yes at which rate tax shall be deducted?
Replies (2)
Yes........... 12% GST over total cost including land
GST charges all under-construction properties at the rate of 18% on there two-third value which will
turn around to be 12% on the entire value of the property.Ready-to- move-in properties are kept out of
GST.Cement will be taxed at the rate of 28% while Iron rods and pillars used in the construction of
buildings is charged at the rate of 18% in GST.
Recent Topics :
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
Related Topics :
CAclubindia
