Clarification on Gst applicability on flats given back to original flat owners on Re development
Dear Sirs /Madam
Request your views whether in Maharashtra state GST is applicsble on flats given back to original flat owners and if applicable whether it is applicable only on the extra area given or on the TOTAL AREA (Existing plus Additional ) and the rate applicable Pls oblige by giving your valuable advice
Is GST payable on redevelopment flat returns-tax on additional area or entire constructed area under Sections 7 and 15? A forum poster asks whether Maharashtra GST applies when redeveloped flats are returned to original owners, and whether tax is chargeable only on the additional area allotted or on the entire area (existing plus additional). The query seeks clarification of the correct taxable event, valuation basis (extra area versus total constructed area), and the applicable GST rate for such developer-owner arrangements in redevelopment projects. The poster requests authoritative advice on interpretation and calculation of GST in these circumstances. (AI Summary)
Goods and Services Tax - GST