Rate of tax Residential Flats

[Bharat Cholleti]

sir,

Builder selling semi finished flats executed sale deed for Govt rate and also executing work order for balance work. For semi finished flats @5% and for work order@18% correct or for total consideration sale deed plus work order 5% please advice.

[KUNAL DESAI]

Dear Sir,

Please answer my following questions.

1) Size of Flats and consideration charged to buyer

2) What is executing work order? Why builder needs to execute work order?

3) What is balance work?

4) What is correlation between selling semi finished flats and work orders?

You are requested to elaborate more ALONG WITH AN EXAMPLE and please write specific issue.

AI Summary

Clarification Sought on GST Rates for Semi-Finished Flats and Additional Work Orders: 5% or 18%? A query was raised regarding the appropriate Goods and Services Tax (GST) rates for semi-finished residential flats. The builder is executing a sale deed at a government rate and a separate work order for additional work. The question was whether the GST should be 5% for semi-finished flats and 18% for the work order, or 5% for the total consideration. The respondent requested further details, including the size of the flats, the consideration charged, the nature of the work order, and the relationship between the sale of semi-finished flats and the work orders, suggesting the need for more specific information.