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GST on under construction property
I have booked an under-construction residential property last year and executed agreement with developer. Till now I have paid 50% of total consideration amount and paid service tax @ 3.75% on the paid amount as per agreement. After rollout of GST how much tax I have to pay on the remaining amount?
Replies (1)
if you are purchasing flat along with land that case you need to pay 12% GST to builder on balance amount payable to you.
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