I am in the construction business, I purchase land and then make an apartment or house on the same and sold it after completion of construction. Do I need to take gst registration for this business?
Replies (6)
Quick Summary
This discussion clarifies whether property developers who buy land, construct apartments or houses, and then sell them require GST registration. The consensus is yes, registration is mandatory, especially considering the potential applicability of Reverse Charge Mechanism (RCM) on input purchases for builders. It's advised to consult Clause 5(b) of Schedule II of the CGST Act for detailed guidance.