TMI - Tax Management India. Com
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 on construction service, Goods and Services Tax - GST

Issue Id: - 118214
Dated: 4-11-2022
By:- V Rajalakshmi
GST on construction service

  • Contents

An individual engages the builder to construct 6 flats on his land and proposes to sell 3 flats before the completion of the construction. The query is what is the tax rate to be adopted by the individual for the proposed sale of a flat? Whether 5% on the whole consideration or 18% on the construction value and avail an ITC charged by the builder to the seller.

Post Reply

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 8-11-2022
By:- Amit Agrawal

GST @ 5% is payable on whole consideration for the flat, without any ITC.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.

2 Dated: 11-11-2022
By:- Shilpi Jain

Assuming this transaction is on or after 01.04.2019 - 5% will be applicable for the residential flat

3 Dated: 11-11-2022
By:- V Rajalakshmi

Thank You Amit Agrawal JI and Shilpi Jain Ji for the prompt reply. Another follow-up question is whether RCM will be applicable for the 3 flats which are not intended for sale.


Post Reply