GST on construction service

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..... GST on construction service
Query (Issue) Started By: - V Rajalakshmi Dated:- 4-11-2022 Last Reply Date:- 11-11-2022 Goods and Services Tax - GST
Got 3 Replies
GST
An individual engages t .....

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..... he 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 s .....

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..... ale 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. Reply By Amit Agrawal: The Reply: GST @ 5% is payable on .....

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..... 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. Reply By Shilpi Jain: The Reply: Assum .....

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..... ing this transaction is on or after 01.04.2019 - 5% will be applicable for the residential flat Reply By V Rajalakshmi: The Reply: Thank You Amit Agrawal JI and Shilpi Jain Ji for the prompt reply. .....

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..... Another follow-up question is whether RCM will be applicable for the 3 flats which are not intended for sale.
Discussion Forum - Knowledge Sharing .....

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