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234 Points Joined June 2016
WHAT IS THE RATE OF GST ON SALE OF FLATS BY A PRIVATE BUILDER
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On 23 May 2018 at 14:01 Report
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Practice
4510 Points Joined July 2017
Originally posted by : Himanshu Jain
WHAT IS THE RATE OF GST ON SALE OF FLATS BY A PRIVATE BUILDER

No Tax Rate on Building Sale under GST

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On 23 May 2018 at 14:14
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Chartered Accountant
4524 Points Joined July 2014
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. 
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On 23 May 2018 at 14:20
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GST Practitioner
55067 Points Joined June 2017
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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On 23 May 2018 at 14:30

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