GST RATE ON LANDOWNER SHARE

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..... A builder is constructing flats by entering into the development agreement in the year 2017 and opts for old rate of tax by filing of Annexure 4 before 01.04.2019, thus charging GST@12% to the custome .....

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..... rs Now, the building is complete and he is handing over the Flat to the Landowner. What rate of GST shall be charged or payable and at what rate?? Whether the same will be 12% or 18%? Please clari .....

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..... fy with proper notification if possible. - Reply By Shilpi Jain - The Reply = The rate of tax will depend on the valuation adopted. If the first sale value is adopted i.e. a value which has land v .....

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..... alue included, 12% rate should be applied. Else in case a value where land value is not included, is adopted, rate of tax would be 18%. - GST RATE ON LANDOWNER SHARE - Query Started By: - NAMAN DOKA .....

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..... NIA Dated:- 13-4-2022 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - t .....

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..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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