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gst Rate on Complete flats
what is the gst rate on sale of complete flats .
Replies (7)
No gst applicable on completed buildings... If u sell after completion then no gst applicable
If u received advance in this respect... Then sale of buildings is treated as suppy of service under gst
No GST for flats completed having completion certificate before 1 July.
@ Nehul...is gst applicable on completed flats after 1.7.17... In that respect no advances has been received... As u mentioned that before 1.7.17...???
For determining the completion you must have received the completion certificate from the munciple corporation.
you will have to pay GST @ 18/12 % as and when you'll sale flat after 1.7.17 for those whose completion certificate is recd after 1.7.
@ Nehul... Please recheck... Gst is only applicable on under construction property and if any advances received before its completion.... Gst is not applicable on ready to move flats... If u sell flat after getting its completion certificate and no advances received.. Then no gst
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