Balasubramanian R (Chartered Accountant) (85 Points)
31 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160396 Points)
Replied 31 August 2017
Is it sold by builder/developer? Is it under-construction?
If Yes to both........ GST @ 12% applicable......
Jamshed Singporwaala
(2 Points)
Replied 01 September 2017
ishika
(CA)
(287 Points)
Replied 01 September 2017
The applicable GST rate will be 12% as the land is included in this case. According to the provision, real estate sales including land are covered under the 12% GST slab. The estate deals without land constitute a GST of 18%. https://blog.saginfotech.com/affordable-housing-under-gst-as-work-contract-rates-revised
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