Treatment Under GST

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Treatment Under GST
Query (Issue) Started By: - MUKESH SAXENA Dated:- 2-12-2022 Last Reply Date:- 15-12-2022 Goods and Services Tax - GST
Got 2 Replies
GST
A Person is registered under GST for the Civil Work Contractor services.His main work is purchase the land in different different place in city/village. after purchasing land he build residential house by own amount after completio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n or incompletion condition of house he sale to consumer with Valid govt.registry. In registry he write area,Rooms,Toilet, Bathroom,etc.He does not receives amount of house in installment but some time receives some amount as advance or after sale of house. But he is not registered in Real Estate Regulatory Authority ACT. My Query is :- 1- What will be treat this service either Builder or Civil C .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ontractor under GST. 2- What will be apply tax rate on such service 3- will be deposit GST on received advance amount or not 4- can he claim ITC on Purchase building material Reply By Shilpi Jain: The Reply: Since the activity is not registered under RERA, he will not be a promoter. 1- What will be treat this service either Builder or Civil Contractor under GST. - it would be a works contrac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t service 2- What will be apply tax rate on such service - 18% as per residual entry. 1/3rd deduction would be applicable 3- will be deposit GST on received advance amount or not - required to pay GST basis any milestones mentioned in agreement for payment by customer, if no milestones mentioned then basis the date of receipt or execution of sale deed whichever is earlier. 4- can he claim ITC o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n Purchase building material - yes. Reply By MUKESH SAXENA: The Reply: THANKS MADAM
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X