GST percentage on the new property registration
03-Jul-2023 (In Property Law)
I purchased a shop at a value of 16 lakh (agreement value) 7 years ago..which still needs to be registered and now as GST is applicable what amount do I need to pay to the builder as GST (12 percent of 16 lakh or 12 percent of 25 percent of agreement value)
No matter you have purchased the plot 7 year's back but since you are registering your plot currently and as government has already implemented GST, all the provisions of GST will apply that means you need to pay 12 % of the government approved amount.
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