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gst on under construction property
project started at 2015 and its completed on jan 2018. we paid the initial deposit after 1st july 2017. is gst is applicable? ok if applicable what is the % and how to calculate the gst. (dif of gst - service tax + vat= X
Replies (3)
GST shall be applicable on the balance amount payable... no calculation with ST or VAT
Rate of GST will be 12%
Rate of GST will be 12%
no my question is earlier rate fix on property is inclusive of tax i.e what apllied on that period. now gst is applicable, earlier tax - gst is to be applicable. please clarify
Yes , as the now it's GST is applicable & earlier Tax regime is no more in force .
So the GST will be applicable on the balance amount reced. by builder after 1/7/17
So the GST will be applicable on the balance amount reced. by builder after 1/7/17
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