Construction of single unit bungalow, Goods and Services Tax - GST

[Balvinder Chandok]

I purchase a developed plot and then construct a duplex on it with my own money or loan money. After that I sell it out to customer ,do I have to charge gst on my sale price. I only do 3-4 units in a year. Am I exempted from gst aor should I charge it from customer

Posts / Replies

[KASTURI SETHI]

If you charge whole amount after occupation certificate and occupation of house, whichever is earlier, it is exempted.

[Balvinder Chandok]

It is necessary that occupancy certificate should be of date before 1st of July i.e. before implementation of GST or Completion Certificate can be taken after . July also. Then also i exempted

[KASTURI SETHI]

This condition remains the same whether pre-GST GST era or post GST era.

[Himansu Sekhar]

If it is a completed house, there will be no gst.

[Ganeshan Kalyani]

If occupation certificate is received at the time of sale then GST is not applicable.