Menu
GST on residential property
One is planing to start a business of purchasing land and constructing a residential house property and after that selling the same. Will it attract GST? Consideration might be received before or after. Not registered in any affordable housing scheme. Please explain throughly and ITC too, if GST applicable.
Replies (1)
IF THE RESIDENTIAL UNITS SOLD AFTER COMPLETION CERTIFICATE ... NO GST APPLICABLE...
Otherwise yes, it will be applicable... Be it as advance amount..
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
