NO GST APPLICABLE ON LAND OWNER'S SHARE.
Is GST applicable on owners share of Flat, selling by owner
Sir, I have gone through some articles and G S T council meeting results, it shows that G S T is not liable on share of Land owners Flats, when owner is selling . The G S T is born by builder/developer. Please clarify, G S T IS liable or not on land owners share , when he is selling his share of flats to the buyer.
Asked 7 years ago in GST
Not applicable
Sale of land against flat is liable for GST. Subsequent sale of flats will not be liable under GST.
Subsequent resale of flat by landowner to buyer is not liable to GST.
Not Applicable.
Hi
GST is applicable in all cases where an under construction property is sold, If you, as a land owner, sell your share post receipt of the completion certificate, no GST shall be applicable.
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