NIL, if completion certificate available
6% is stamp duly and registration charges........ will remain same......... no change........
| Originally posted by : Kalpesh Dongare | ||
![]() |
If completion certificate is not available and builder is ready to give NOC then what will be tax | ![]() |
Any govt. notification/clause section,etc do you have? I am asking to other also.
if yes, please share it.
First of all as per section 17(5) of GST you cannot take the GST credit of property that used for own purpose.
and second after the OC taken by the builder on property then there is no liability of GST arise and it will include in your cost of the property.
I had purchased gaothan flat in 2015 ready to move in flat in Vashi Navi Mumbai before GST.
I had an MOU signed with Builder..
Stamp duty registration haven't done due to financial issue and now i am planning to sell it.
The buyer has sought loan from Finance company and the loan may disburse into Builders account.
The buyer will perform and pay stampduty registration appropriately.
Trust no 12% GST will be apply for above scenario since the flat was ready to move in and just that ownership has been changed for old flat.
Since its Gaothan Grampanchayat flat..there is no CC / OC for the Flat/property.
Pls help and guide.
Your are not logged in . Please login to post replies
Click here to Login / Register
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
CCI
Pro
India's largest network for
finance professionals