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All QuestionsCategory: GST CompliancesGST on free flats given by builder
Profile photo of Pramod GuptaCA Pramod Gupta asked 2 months ago

GST on free flats given by builder

Is the builder liable to pay GST on free flats?

Is the builder liable to pay GST on free flats given to society members against the transfer of development right in case of the joint development agreement? 

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4 Answers
Profile photo of Rajender Kumar GuptaRajender Kumar Gupta answered 2 months ago

Yes the builder/ developer is liable to pay gst

Profile photo of CA Shafaly GirdharwalCA Shafaly Girdharwal answered 2 months ago

Is it in new scheme or old one?

Profile photo of Pramod GuptaCA Pramod Gupta answered 2 months ago

IT IS IN OLD SCHEME

Profile photo of CA Shafaly GirdharwalCA Shafaly Girdharwal answered 2 months ago

GST is payable on TV. If flat is given for free no GST will be there.