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.

Asked on December 13, 2017 in Real Estate.
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1 Answer(s)

Seller of apartment (i.e. Builder of apartment) will have to pay GST on Any Advance received against under construction property @12%

Answered on February 12, 2018.
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Your Answer

Gen GST