selling of flats are subject to GST.

The government has clearly mentioned in Schedule III that sale of land and/or building will neither be treated as a supply of goods nor a supply of services, i.e., GST will not be applicable on this.

So currently it stands that:

• GST will apply on renting, leasing of land and/or building
• GST will NOT apply on sale of land/building (Stamp duty will continue to apply)
• GST will apply on works contract, i.e., constructing a building
• GST will apply on sale of an under-construction building

However, there are discussions of bringing in sale of land and/or building under GST, let us see.......