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Gst rate

CA.Pankaj Rawat (Chartered Accountant) (1381 Points)

21 February 2019

What is the GST Rate on sale of under construction flats.

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CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 21 February 2019

9972

NIL

(ii) Supply of land or undivided share of land by way of lease or sub lease where such supply is a part of composite supply of construction of flats, etc. specified in the entry in column (3), against serial number 3, at item (i); sub-item (b), sub-item (c), subitem (d), sub-item (da) and sub-item (db) of item (iv); sub-item (b), sub-item (c), sub-item (d) and sub-item (da) of item (v); and sub-item (c) of item (vi). Provided that nothing contained in this entry shall apply to an amount charged for such lease and sub-lease in excess of one third of the total amount charged for the said composite supply. Total amount shall have the same meaning for the purpose of this proviso as given in paragraph 2 of this notification.