GST on apartment purchase
I'm looking for under construction apartment which would be ready in a month time.
Builder is asking to pay GST on below items. Should GST be applicable on all these items?
- UDS consideration
- Cost of construction of apartment
- Township infrastructure charges
- Infrastructure and Amenities charges
- Development charges for Water & Electricity
- Development Charges for Pipes Gas
- Development charges for Generator
Thanks, -Maneesh
GST at 18% Applies to Under-Construction Apartment Costs; Verify Builder's GST Compliance to Avoid Issues. A forum participant inquired about the applicability of GST on various charges related to purchasing an under-construction apartment, including UDS consideration, construction costs, and development charges for amenities and utilities. Multiple respondents confirmed that GST is applicable at 18% on these charges. Some advised caution, noting that some builders might not remit the collected GST to the government, suggesting buyers verify the builder's reputation. One participant recommended buying a ready-to-move-in flat to avoid GST. The discussion highlighted the importance of ensuring compliance and transparency in GST payments. (AI Summary)
Goods and Services Tax - GST