356+ Lawyers are online 
In case of selling property, buyer and seller needs to pay GST
13-Nov-2023 (In Property Law)
Dear sir/Madam, My father having land and it is properly registered.. all document are clear.. now we r decided to sell the land.. if we Selling means buyer and seller both need to pay tax or buyer need to pay tax? How much tax % will be calculated in current situation? Thnx in advance...
To my knowledge, real estate transactions are not yet covered under the GST. In any case, please confirm the fact through a practising chartered accountant specializing in GST. If GST is applicable, he may advise you on the tax rate.
Helpful?
12+
12+
Adv. Swaminathan Neelakantan
Coimbatore | 400+ Answers
CONTACT NOW
If a construction agreement is registered for constructing a building GST will attract @18% to be payable by the buyer.In your case ,by given details I understand that it is a vacant land, where it will not attract GST.
Helpful?
14+
14+
Adv. Rajpandyan S
Chennai | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
