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Home / Legal / GST Registration / Is GST Applicable on Stamp Duty?
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Is GST Applicable on Stamp Duty?

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0 2024-10-22T14:18:54+00:00
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Let me answer your question, “Is GST applicable on stamp duty?” No, GST (Goods and Services Tax) is not applicable on stamp duty. Stamp duty is a tax imposed by state governments on the transfer of property and is separate from GST, which is a tax on the supply of goods and services.

Is GST Payable on Stamp Duty?

  1. Different Tax Types: Stamp duty is a direct tax, while GST is an indirect tax. They are governed by different laws and regulations.

  2. Payment Responsibility: Stamp duty is paid by the buyer or seller during the registration of property, while GST may apply to certain services, such as real estate services provided by builders or developers.

  3. No Overlap: Since stamp duty is specific to the property transaction and is determined by the value of the property, it does not fall under the purview of GST.

  4. Services Subject to GST: While stamp duty itself is not subject to GST, related services (like legal fees or brokerage services) may attract GST.

It's always a good idea to consult a tax professional for clarity on specific GSt applicable on stamp duty transactions and any applicable taxes.

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What are the Taxes Subsumed in GST?

 

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Advocate Apurva

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