Hi,
Have you bought a ready flat or under construction flat. If it's an under-construction flat, then you will have to pay GST.
Please feel free to call /revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com
GST on land owner Apartment
I'm buying an apartment in Bangalore from the land owner share and they are charging 12% GST on the total value, that includes Total basic price+ Car Parking+ KPTCL & BWSSB (Electric and Bangalore Water Supply and Sewerage Board) + Club membership charges. I'm not much aware on GST so could you please help here. Do I need to pay GST on Land owner apartment, if yes, do I need to pay GST on all the above charges(Including basic and other mention cost).
Asked 6 years ago in GST
Hi,
If it is an under-construction property, you will be liable to pay the GST on the same.
Hope that clarifies,
Regards,
Nikhil.
On ready to move apartment there is no GST applicability. If you are buying under construction property then you need to pay GST @12% but it appears that you are buying a ready to move apartment on which there is no GST applicability.
Hi
No matter the property is purchased from the land owner or the builder, GST shall be applicable if the property is under construction at the time of purchase. If you're buying a ready to move in property, no GST shall be applicable.
GST is applicable on under construction property,No GST on ready to move flat.
I assume that the query has already been resolved by my fellow colleagues. Please feel free to get back in case any part of it has been left unattended/ unresolved.
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