Can a builder charge both the GST and stamp duty for a flat under construction?

Asked on January 3, 2019 in Miscellaneous.
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1 Answer(s)

GST and Stamp Duty are 2 different things. As per the GST law, the projects under construction attracts 12 % get of the basic cost of the flat. The builder is liable to collect the 12% GST from the flat Buyer of an under construction flat and pay it to the Govt.

On the sale of land GST is not levied because a sale of land attracts Stamp duty.

stamp duty is concerned it is a respective state govt tax and while registering the sale agreement you have to pay stamp duty as per the ready reckoner rates of the respective states and registration charges.

Answered on January 3, 2019.
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Gen GST