In exchange of old building, promoters allot one flat in Kolkata.
How much gst is payable and on what amount?
If we show this as ready to move flat, can we avoid gst
Please guide
Jayanta Bandyopadhyay 22 October 2021
In exchange of old building, promoters allot one flat in Kolkata.
How much gst is payable and on what amount?
If we show this as ready to move flat, can we avoid gst
Please guide
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 22 October 2021
GST to be charged at 5% without Input Tax Credit (ITC) on residential properties that are not part of the affordable housing segment. GST to be charged at 1% without ITC on residential properties that are included in the affordable housing segment.
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