Yes, land owner needs to pay GST @18%.
GST on land owner share flat payable by land owner
As a land owner whether I have to pay GST for flats given by the builder against land. If yes on what rate and how to calculate it.
Asked 6 years ago in GST
Whether I need to pay registration fees for flats received from builder against land.
Asked 6 years ago
Hello,
It totally depends on your contract/ agreement with the builder. In most of the cases, the builder takes care of all the incidental costs.
But, as I said it depends on the contract entered by you with the builder.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP
18% GST OK. But on what partcularly if the land owner do not sale the flat.
Asked 6 years ago
It will be 12% GST.
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