,How much GST applicable

5%

Hi,

GST@5% is applicable on the same.

After a recent amendment now the builder needs to pay GST under reverse charge for share of property owner.

GST will be paid @18% on the value of development right. However such value is restricted only to the proportion of unsold area and such GST is further restricted upto 1% or 5% of the value of unsold stock as on the date of receipt of Occupation Certificate.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you.

Hello,

GST Rate would be 5%.

I hope that this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Hello Sir,

You should charge GST@5% on value of development right subject to certain conditions.