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Sale of residential house property under GST

srikumar (audit staff) (1203 Points)

09 January 2019

sir,
my client has bulider. he construct resident house and finally sale to individual person. whether gst applicable or not, gst rate ?
total cost of construction house RS.35 lakhs, input for raw material RS. 12 lakhs around, finally sale value RS.45 lakhs include reg.charges.

gst 3b gst 1 how to handle this, bulider is reg.dealer in gst and buyer is unregistered in gst.
pls help sir

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8 Replies

vinod kumawat ( CS) (425 Points)
Replied 09 January 2019

show in gstr -1 (b to c other)

srikumar (audit staff) (1203 Points)
Replied 09 January 2019

which amount I show sir, gst rate pls, because bill was not raised still

Ravi SADhiyan (Practice) (4510 Points)
Replied 09 January 2019

Originally posted by : srikumar
	sir,my client has bulider. he construct resident house and finally sale to individual person. whether gst applicable or not, gst rate ?total cost of construction house RS.35 lakhs, input for raw material RS. 12 lakhs around, finally sale value RS.45 lakhs include reg.charges.gst 3b gst 1 how to handle this, bulider is reg.dealer in gst and buyer is unregistered in gst.pls help sir

If After Completion of Resident house

Than No

srikumar (audit staff) (1203 Points)
Replied 09 January 2019

such house fully completed and occupied by the buyer sir, gst applicable?

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 10 January 2019

There is no GST applicable on sale of Individual residential House

pritesh (CA Final student) (7101 Points)
Replied 10 January 2019

Gst Will not be applicable because it haz been sold After completion of construction

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 10 January 2019

No...sale of Complex Building is cover Under GST.
Hence sale individual House /koti is not cover under GST

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 10 January 2019

If you are buying an under-construction property, it is considered as availing a service from the builder; hence, you are supposed to pay GST on it. According to the GST law, construction of a building, complex or a part of it, intended for sale to a buyer, attracts GST on the sale price. However, the tax should not be charged if the property is being bought after the issuance of completion certificate by a government authority or after the property has undergone occupation, which means it is a case of resale.