Gst on residential property

When purchasing a flat from a builder, GST might apply depending on the circumstances. If the property has already been occupied or if you haven't paid any advance booking amount before the Occupation Certificate (OC) was issued, GST generally shouldn't be applicable. This is because occupied property can be considered 'no supply' under GST law. However, if you paid a token amount before the OC, GST will likely be charged.