| Discussions Forum | ||||||
Home  Forum Goods and Services Tax - GST This
|
||||||
| A Public Forum. Anyone can participate to share knowledge. |
||||||
|---|---|---|---|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||||||
Submit new Issue / Query |
||||||
GST rate on purchase of residential flat under construction, Goods and Services Tax - GST |
||||||
|
||||||
GST rate on purchase of residential flat under construction |
||||||
Dear Sir, We have purchased / booked a residential flat which was under construction say for 20 Lacs prior to GST. We also paid 5,00,000 lacs prior to GST along with service tax and vat amounts. Now, the balance amount of 15,00,000 will have to be paid under GST regime. So the query is what would be the rate of GST on under construction residential flats. Request you to kindly guide on the same. Regards Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Hi Rate of GST is 12% (after deemed deduction of 6% which is 1/3 of actual rate of 18%)
I endorse the views of Shri Vamshi.
Under construction property attracts tax. Page: 1 Old Query - New Comments are closed. |
||||||
