I bought a plot of rs. 50 lakh
constructed 5 houses at a cost of rs. 30 lakhs
and sold to 5 persons for 20 lakh rs. each after completion.
and i don't know anything about completion certificate.
what rate of GST to be charged?
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gst on row houses
Replies (2)
12% gst.......
I think no GST is applicable ,
As per schedule II : b] construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.
It's complex building (Multi storey) on which GST Is applicable
As per schedule II : b] construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.
It's complex building (Multi storey) on which GST Is applicable
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