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No GST on flats after completion certificate issued – Times of India

| Dec 9, 2018, 05:25 IST
GST

if they purchase the fully constructed property after the issue of completion

certificate

.


“It is brought to the notice of buyers of constructed property that there is no GST on sale of complex/building and ready-to-move-in

flats

where sale takes place after issue of completion certificate by the competent authority,” the

finance

ministry said in a statement. The GST is applicable on sale of under construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale, it said.


The ministry further said that

housing

projects in the affordable segment of state governments will attract GST of 8%. agencies


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