Landlord need to pay GST

Landlord need to pay GST

I have given my old house to a promoter to develop the property and build flats and I get my share of Flat @ 1100 sq ft ( including super built). Now the Building is near completion and the promoter has said , they will issue P.C but I need to pay GST @ 12%. Now my question is should I pay this GST @ 12% ? 
Secondly, The Agreement between the us ( land lord and the promoter)  was made in the year 2013 but the demolition of the old building started  in January' 2017 and the construction started in the month of July'2017.The status of the new building as on today is near completion and will be ready another two months.

Asked 7 years ago in GST

Also please advice whether we need to register the flat or the Possesion Certificate will be sufficient ? Will there be a problem to sell the flat in future or to transfer the ownership ?

Asked 7 years ago

Hi,

Yes, you would be required to pay GST @ 12%.

Possession certificate is not enough. Registration of the flat is definitely required. Without registration, you would face the difficulty at the time of sale transaction.

Thanks

Damini