TMI BlogTax compliance for a developer in jdaX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello i am in a jda with a builder. I am the land owner. The agreement happened in the year 2013 and the project is now ready to move in although it hasn't received the completion certificate. I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was given flats as part of my share in the agreement. Inorder to save me from immediate tax liability my Ca suggested that we convert the assets into stocks and pay the tax over the years. I had hel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d on to my share so far but want to start selling now. I want to understand: # my gst liability if any and the gst rate ? ( even if it is to be paid by coustomers) # can i get some input tax credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the gst paid? #what all taxes do i i need pay finally? ( Do i i need to pay Gst + income tax + capital gains) - Reply By Shilpi Jain - The Reply = You will be liable to GST @5% in case of resid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ential units and 12% in case of commercial units, booked before completion. Else no further tax liability. No credit would be eligible. - Tax compliance for a developer in jda - Query Started By: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Akash Singh Dated:- 31-1-2020 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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