Rupesh
(officer)
(28 Points)
Replied 19 January 2018
Dear All,
I had purchased gaothan flat in 2015 ready to move in flat in Vashi Navi Mumbai before GST.
I had an MOU signed with Builder..
Stamp duty registration haven't done due to financial issue and now i am planning to sell it.
The buyer has sought loan from Finance company and the loan may disburse into Builders account.
The buyer will perform and pay stampduty registration appropriately.
Trust no 12% GST will be apply for above scenario since the flat was ready to move in and just that ownership has been changed for old flat.
Since this property falls under gaothan/grampanchayat there is no OC/CC for the flat/property
Pls help and guide.
Rupesh
(officer)
(28 Points)
Replied 19 January 2018
Dear All,
I had purchased gaothan flat in 2015 ready to move in flat in Vashi Navi Mumbai before GST.
I had an MOU signed with Builder..
Stamp duty registration haven't done due to financial issue and now i am planning to sell it.
The buyer has sought loan from Finance company and the loan may disburse into Builders account.
The buyer will perform and pay stampduty registration appropriately.
Since this property falls under gaothan/grampanchayat there is no OC/CC for the flat/property
Trust no 12% GST will be apply for above scenario since the flat was ready to move in and just that ownership has been changed for old flat.
Pls help and guide.
sandeep
(B.Com)
(108 Points)
Replied 20 January 2018
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
