Flat Registration in India
posted by Vinod Rana on Tuesday, July 4, 2017
Dear Friends,
My flat was under construction for the past 4 years and has just completed in India. I need to do my house registration and would like to have some valuable advice as to the applicable tax for the registrations. Is GST applicable for my new flat I have been given stamp duty 5.6% abd registration charges 1% of the total value of my flat.
Kindly let me know the present conditions for registrations as I am travelling to India next week on holidays and also need to do the house registration immediately.
Posted On
7/5/2017
2:38:40 AM
by
Advisor
GST on real estate sector is not yet finalized. As on current situation, (kerala) you need to pay 4% VAT and 4.25% service tax. Stamp duty / Registration charges depend on the value of your undivided share of land.+ cost of flat. Do not try to save on tax or stamp duty if you have paid from NRE account.
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