Will GST cover stamp duty? Will the total price go up?
I am planning to buy an apartment. Will the total cost go up or down from the price quoted now? Current service tax- 4.5% and Vat -1% Stamp Duty – 5% Will GST cover stamp duty? Will the total price go up?
Stamp duty is not covered under GST. Kindly provide more details as to whether you are purchasing from builder or current owner. Secondly, whether the apartment is under-construction and payment would be made in installments depending on completetion etc or is it ready for possession. You can also try contacting the seller regarding this, if thats feasible.