dear sir,
I have sell a flat and land and profit on 37 lakhs my question is gst is applicable on sale on flat or land on profit
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Sale of flat or land
Replies (1)
If you are selling a piece of land or a completed/resale flat (where a completion certificate has already been issued), GST is not applicable. GST only applies to the sale of under-construction properties, typically when sold by a developer. You should consult a tax professional to calculate any potential Capital Gains Tax, which is separate from GST.
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