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?

Add Comment
2 Answer(s)

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.

Answered on June 27, 2017.
Add Comment

Pranjal my query is Flat is ready 90% and buildet has demanded today about 80% payment under subvention plan. So do I have to pay GST if i am making paymenton 2 july.

Answered on June 29, 2017.
Add Comment

Your Answer

Gen GST