Whether GST is payable on resale of flat by a buyer before its completion?
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A buyer bought an apartment / flat which was under construction from the developer. An ‘Agreement to Sell’ was registered and stamp duty was paid on the entire consideration by the buyer. Now, before completion certificate was obtained, the buyer sold the apartment / flat to another person. Is the buyer liable to charge and pay GST on resale of the apartment / flat before completion certificate has been obtained for the same?
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https://www.desidime.com/comments/permalink/10094227
Yes the 1st buyer shall charge gst.As it's supply of under construction property before the issue of CC.
https://www.desidime.com/comments/permalink/10095501
for constructed/ready to move in flats,no gst?
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Gst cannot be charged twice on same flat