Is VAT is payable on purchase of shop from builder

Shop is ready but Builder must have not got The completion certificate from competinent authority.

You can enquire regarding completion certificate.

Or can check and ask builder whether he is genuily paying vat Payment to government treasury

If your property is fully constructed and has received occupation certificate, then there is no need to pay VAT. If your builder is insisting on payment of VAT, you may ask him the relevant section and clause under which VAT is payable.

Hello Sir,

To answer your queries :

1. No VAT is applicable on fully constructed property.

2. No clarification yet so far as GST is concerned.

3. Yes, you can make the agreement in the name of your brother but preferably make a Gift Deed in his name.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Ensure that you enter into a gift deed.

Dear Sir

Please note that real estate is out of the purview of GST as of now.

Please feel free to call/ revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Dear Sir,

You can gift the property to your brother ..There is no issue. Ideally, you should first register the property in your name and then you can gift it to your brother, if there is no extra stamp duty involved.

Dear Sir,

Forgot to answer you first query that If your property is fully constructed and has received occupation certificate, then there is no need to pay VAT

Please feel free to call/ revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Why to wait till Gst make registry now only.

Yes you can make registry in you brother's name. And show him gift.