GST on Plot development

[Gowrishankar Muthusamy]

Hi Experts,

I have bought a plot through loan along with plot development loan.

• what is the GST for Plot development loan?
• Can i build a house on that plot as i have development loan on my name?

Thanks in advance

Gowrishankar

AI Summary

GST Not Applicable on Plot Development Loans; Building Permitted, Expert Confirms. Check CBEC for Documentation. An individual inquired about the applicability of GST on a plot development loan and whether they can build a house on the plot with such a loan. An expert clarified that GST is not applicable to loans, and building a house on the plot is permissible. Another participant agreed with this view. The individual requested documentation or links for further reference, and the expert referred to a specific notification exempting services related to loans from GST, suggesting it can be found online or on the CBEC website.