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WHAT IS THE RATE OF GST ON SALE OF FLATS BY A PRIVATE BUILDER
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| Originally posted by : Himanshu Jain | ||
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WHAT IS THE RATE OF GST ON SALE OF FLATS BY A PRIVATE BUILDER |  |
No Tax Rate on Building Sale under GST
GST will not be applicable for ready-to-move-in properties.In other words, Transfer of completed property is not considered as rendering services to a buyer and thus does not attract GST.
Yes GST is not applicable for the flats sold after getting the completion certificate.... But The ITC claim on construction for same is to be reverse
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