GST ON RESIDENTIAL FLAT SALE

Sir
Please clear Gst applicable on sale of residence flat I think no gst residence property
Replies (2)
Quick Summary
This discussion clarifies the application of GST on the sale of residential flats. Generally, GST is not applicable to the sale of completed residential property, provided a Completion Certificate (CC) has been issued. Once the construction is complete and a CC is obtained, the transaction is considered neither a sale of goods nor a service, thus exempting it from GST.

No GST on Sale of Residential Flat as the construction of immovable property is complete. The CC must have been issued.

 

If completion certificate is issued it is neither a sale of goods nor a sale of services, and no GST will be levied

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