• Please provide information regarding purchase of flat

Dear Sir,

I want to purchase one flat and one garage in West Bengal. The market value of the flat is approximately 23 lac and that of the garage is approximately 7 lac. The construction work is near completion. The promoter expects to obtain completion certificate at the end of July. I want to know (1) if I perform registration of the flat and the garage after commencement of GST, how much amount of money I have to pay as GST and (2) if I perform registration of the flat and the garage before commencement of GST, how much amount of money I have to pay as GST.

Thank you.
Asked 7 years ago in Property Law
Religion: Hindu

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2 Answers

GST is payable at 12 per cent after 1st July 2017 on sale consideration paid by you for purchase of flat

2) please note that builder cannot sell car parking slot as it forms part of common area for benefit of all members

3) if you make any payment now ie before 1st july 2017 the question of payment of GST does not arise .

Ajay Sethi
Advocate, Mumbai
94522 Answers
7485 Consultations

5.0 on 5.0

The GST calculation has not been finalised though the figures have been revealed.

It will be known only after the implementation of GST from the effective date i.e., 01.07.2017, so you may have to wait until then.

T Kalaiselvan
Advocate, Vellore
84711 Answers
2172 Consultations

5.0 on 5.0

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