Hi,
Please note that you cannot claim any itc of gst paid to landowner or developer as you are nit engaged in the business of sale of flat.
I have assumed that the flat us used for personal purpose and not business purposes
GST on semi-finished flat
Hi I have 2 agreements: Agreement 1. Sale of semi finished flat by land owner (sale agreement executed in Jan-2018 And sale deed in Mar-2018) Agreement 2. Development of semi finished flat by a developer (agreement executed in March-2018) In both these agreements, I was charged a GST of 18%. I have following questions: 1. In agreement 1, am I liable to pay GST, as I have purchased flat from land owner? 2. In agreement 1, should the land owner pay me input credit which he may have received? 3. In agreement 2: Should the developer pay me input credit which he may have received? 4. In both these transactions I am unable to figure out if my GST reached Govt (though I have GSTIN numbers). Is there a way to find this information?
Asked 5 years ago in GST
Dear Sir,
Hope you are doing well !!
1. Yes, you are liable to pay GST but you'll not be able to get the ITC for the same. It would be treated as your cost.
2.No. that's not possible.
3.No.
4.We may assist you in entire procedure.
It is advisable to take a phone consultation for detailed.
Hi
1. Yes you need to pay gst on same.
2. No won't get itc on same.
3. No
4. We can have a phone consultation for a better discussion.
Hello,
Yes, GST liability would be there.
ITC won't be available.
I hope this answer satisfies your requirements.
Regards,
CA Hunny Badlani
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