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Clarification regarding GST charged by builder for ready to move flat.


31-Mar-2023 (In GST Law)
GST AROUND 4.45LACS CHARGED FOR 35LACS PROJECT COST READY TO MOVE FLAT .BELOW 30TH JUNE 3.5 LACS GIVEN TO BUILDER AFTER 30TH JUNE 31 LAC 50 000 GIVEN. IS THIS GST WORTH OR NOT RECIEPT OF GST NOT GIVEN BY THE BUILDER
Answers (1)

Answer #1
638 votes
For a ready to move flat no GST is payable because this is an immovable property and not goods. Also as no concept of inputs used in its construction is available for abatement or set-off & thus making the flat price inclusive of the input tax element. But if it is under-constructed flat, GST is payable at 18% effectively making the GST 12% on the value of the house less input GST from which house was made. If your flat was Ready to move in flat that the GST charged by the builder is illegal. Tell him to give you the receipt stating that it was GST deduction and we can challenge it in court.
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Comments by Users

Akash Janrao
Hello Brother, Can you clarify the Meaning of Ready to Move Flat ? or If Completion certificate not received to Builder then also GST not Levied ?

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