GST on Real Estate Transactions


As per Schedule – II to Model Act, no tax shall be payable in case of construction of a complex, civil structure or a part thereof or building if entire consideration is received after issuance of completion certificate or before its first occupation, whichever is earlier. Further in cases of composite supply, Rules shall be formed to provide for the percentage of abetment and valuation.

Leave a Reply

Your email address will not be published. Required fields are marked *