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Is GST applicable to property whose construction was completed in 2014
13-Aug-2023 (In GST Law)
I purchased a flat from developer/ landlord under an unregistered agreement of sale in the year 2014. now I want to pay the remaining consideration to the developer (not for the builder) and for registered sale deed . the developer charging 12 % gst on the reg. value. my flat construction was completed in the year 2014 .
1. Yes. You have to paid GST .
2. Because of Flat construction was completed in 2014 .
3. Here is the relationship of development agreement between the flat owner & developer .
4. GST means Goods & Services Of Tax .
5. So , It is mandatory to paid GST , whatever percentage decide as per the aforesaid rate of GST charge .
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Adv. Abhay Rajesh Gupta
Amravati | 100+ Answers
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