I am purchasing a new ready to move flat from builder directly. I will be the first owner and this will not be a resale property. Please clarify if GST is exempt for all completed properties including new ready to move flats with occupation and completion certificate purchased directly from builder? Thanks
1 Answers
Hi,
VAT & Service tax is applicable in case of Under-construction property only. Also, these two come under the purview of GST.
As you are buying a ready-to-move property, I dont think GST has any effect on this transaction.
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