If I purchase a plot and get an individual house constructed and sell it after completion. Then do I have to pay GST over it if yes then how much?

If I purchase a plot and get an individual house constructed and sell it after completion. Then do I have to pay GST over it if yes then how much

Asked on August 19, 2017 in Real Estate.
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4 Answer(s)

As of my knowledge there is no service involved if you are renting it comes under service and gst rate is 18%.

Answered on August 19, 2017.
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You purchase a plot and built it amounts to self-consumption of service, not liable to GST. later on, @ time of sale, if it is a one-time activity then no GST. if, it is regularly done then gst @12%.

Answered on August 19, 2017.
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In my opinion if 8 or less houses are constructed then I think there is no GST over it. May be I am wrong, Please give your suggestions over it.

Answered on August 21, 2017.
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If you sell after completion certificate received than not lible for GST but if an agreement to sale before completion certificate than liable for GST at 12% with full itc.

Answered on August 28, 2017.
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Your Answer

Gen GST