TaxTMI 
TaxTMI 
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
GST on Plot development
22 Mar 2018 
4 Replies 
1700 Views Asked by
Guest 
GST exemption on loans: plot development loans not subject to GST, building permitted under central exemption notification
GST is not leviable on financial accommodation provided as loans, including loans for plot development, and a borrower with such a development loan may construct a house on the plot. The exemption is linked to the central notification exempting services of loan, deposit and interest, identified in the document as Serial No.27(a) of Notification No.12/17-Central Rate. (AI Summary)
GST is not leviable on financial accommodation provided as loans, including loans for plot development, and a borrower with such a development loan may construct a house on the plot. The exemption is linked to the central notification exempting services of loan, deposit and interest, identified in the document as Serial No.27(a) of Notification No.12/17-Central Rate. (AI Summary)