80:20 Rule on construction of residential apartments
This query is : Resolved
25 June 2025
Hello,
To calculate 20% shortfall, should we consider including gst or excluding gst, because ITC not eligible so that will be considered as cost. so below given methods which method is right
Method1: Including GST as Expenses
GST Bill
Taxable Value 10,00,000
Tax @ 18% 1,80,000
Total 11,80,000
Non GST Bill 5,00,000
Total Expenses 16,80,000
80% of the total Value 13,44,000
20% of the total Value 3,36,000
Shortfall Value 1,64,000
Method1: Excluding GST as Expenses
GST Bill
Taxable Value 10,00,000
Tax @ 18% 1,80,000
Total 11,80,000
Non GST Bill 5,00,000
Total Expenses 15,00,000
80% of the total Value 12,00,000
20% of the total Value 3,00,000
Shortfall Value 2,00,000
To calculate 20% shortfall, should we consider including gst or excluding gst, because ITC not eligible so that will be considered as cost. so below given methods which method is right
Method1: Including GST as Expenses
GST Bill
Taxable Value 10,00,000
Tax @ 18% 1,80,000
Total 11,80,000
Non GST Bill 5,00,000
Total Expenses 16,80,000
80% of the total Value 13,44,000
20% of the total Value 3,36,000
Shortfall Value 1,64,000
Method1: Excluding GST as Expenses
GST Bill
Taxable Value 10,00,000
Tax @ 18% 1,80,000
Total 11,80,000
Non GST Bill 5,00,000
Total Expenses 15,00,000
80% of the total Value 12,00,000
20% of the total Value 3,00,000
Shortfall Value 2,00,000
12 August 2025
https://docs.google.com/document/d/1qt05YELXMpjlfZlX3VRt1chQeSD9GsBG668d6clAWsI/edit?usp=sharing
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