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    <title>Gst on land cost in case of sale of flats</title>
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    <description>GST on the sale of flats treats the total sale price as inclusive of land, computes taxable value as two thirds of that price, and applies the GST rate on the reduced value; where the builder acts under a developer agreement or power of attorney the levy depends on the contractual nature of the transfer, and projects started after the notified date face restrictions on input tax credit.</description>
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