Construction of single unit bungalow

[Balvinder Chandok]

I purchase a developed plot and then construct a duplex on it with my own money or loan money. After that I sell it out to customer ,do I have to charge gst on my sale price. I only do 3-4 units in a year. Am I exempted from gst aor should I charge it from customer

[KASTURI SETHI]

If you charge whole amount after occupation certificate and occupation of house, whichever is earlier, it is exempted.

[Balvinder Chandok]

It is necessary that occupancy certificate should be of date before 1st of July i.e. before implementation of GST or Completion Certificate can be taken after . July also. Then also i exempted

[KASTURI SETHI]

This condition remains the same whether pre-GST GST era or post GST era.

[Himansu Sekhar]

If it is a completed house, there will be no gst.

[Ganeshan Kalyani]

If occupation certificate is received at the time of sale then GST is not applicable.

AI Summary

GST exemption on sale of completed residential units when sale occurs after occupancy certificate or actual occupation. Sale of self constructed residential units is exempt from GST if the transfer occurs after issuance of the Occupation Certificate or after actual occupation, treating the transaction as a sale of a completed house; this rule applies irrespective of pre or post GST timing.