How much will be pay GST & Who will pay for apartment worth Rs 25 Lacs?
I have been paying since 2015 in instalments to one promoter in Kolkata for a flat in an under construction building without any formal papers as yet. In a month or so the flat will be registered and I guess a proper sale deed will be made then. My question is who and how much GST (CGST and / or SGST) will have to be paid. In a ball park figure of Rs 25lacs what will be the GST component? I need your help please.