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Application of GST on a private property, purchased from joint owners |

Application of GST on a private property, purchased from joint owners

Hi Team Company Vakil, I am going to purchase a flat from joint owners of a property under Pune Municipal Corporation. 2 people, after merging their adjacent properties constructed a small private building, using their own supplier for their residential purpose. I am buying their third floor for my residential purpose. It's a very small building, containing only 8 flats, entire 1st and 2nd floor will be used by owners and only 3rd and 4th floor containing 2 flats on each floor, they are selling out to intending purchaser - how GST is applicable in my case, pls clarify.

Answers (1)

Dear Sir,
Greetings from Team Company Vakil !!
As you are planning to buy a property which is fully constructed and complete then you don’t need to pay GST to the Land Owner, GST is only appicable if the proerty is under Construction.
For any query feel free to reach Team Company Vakil for detailed discussion on the same our GST Experts will be right at your disposal.

Mr. Arpit Sukhwal

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