Real estate business

In normal case, ITC on immovable property except plant and machinary are blocked credit u/s 17(5) but such property use in futher supplies than ITC on such property can claim as if it is claim in normal case

The sale of flats will be charged at the rate of 5% and he cannot claim ITC

The rate is 5% GST without ITC. But it's Applicable, where he received the entire Consideration for banglow sold after obtained the Completion Certificate.



can you clarify "he is not the owner of Land" then how he can sell the banglow., there must be having Joint development agreement with Landlord ..

Thank you very much for the replies, there is an agreement between the owner of the land and the assessee.