GST details in sale agreement
9 months ago
My builder for under construction flat has not mentioned GST amount/details in the sale agreement.
The builder is collecting GST at 5 percent rate from me on the property base price .
But has only mentioned the sale price of the property in the sale agreement as the final price.
Is it valid or the GST details are mandatory in the sale agreement.
A.Dear client,
It is not necessary to mention the GST amount specifically. The total sale consideration mentioned in the sale deed will be inclusive of GST.
It is not necessary to mention the GST amount specifically. The total sale consideration mentioned in the sale deed will be inclusive of GST.
Helpful
Helpful
Share
A.Dear Sir,
It is not mandatory to mention GST details in the sale agreement because it is presumed that GST follows the purchase amount.
It is not mandatory to mention GST details in the sale agreement because it is presumed that GST follows the purchase amount.
Helpful
Helpful
Share
Read Related Answers
Covered garage
Dear Client,
The owner of a property is liable to pay the property tax levied by the local civic body i.e, the Municipal Authority. This tax may vary from one location to another and various other fac...
Government Land Occupying
Dear Client,
The Government land cannot be a subject matter of a transaction between the private parties. Instead, the Government acquires private land whenever required for public purposes under the...
Balcony extension
Dear Sir,
Yes, you can do so with the formal permission of either association people or builder. You may file representation before them and get consent.
Digging borwell infront of my house without permission
Dear Client,
If the land/place belongs to the Government, then your permission is not required. You cannot raise your voice against the installation of a borewell near/in front of your house. Your obj...
Property documents
Dear Sir,
It is not safe to give your originals to any broker. Thereafter, they may blackmail you.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location