Dear Sir,

Currently for apartments booked by a person, there is net of 6% Service tax (along with VAT charges by respective state govenments). THis is due to the 60%/65% abatement provided for input of raw materials etc going into the construction cost - which has already suffered tax.

With GST regime, it is understood that real estate will face 12% GST as replacement of service tax and VAT

However, the article below highlight tow concerns.

http://www.moneycontrol.com/news/business/economy/gst-rates-under-construction-properties-to-attract-12-tax-2284599.html

a) The value of land is included in the amount charged from the service recipient.” These will be taxed at 12 percent with full input tax credit.
What does above mean? does it mean the buyer is taxed twice once for stamp duty/regn expenses on land cost & again 12% service tax?

b) The second point is on abatement as below:-
Earlier, both developers and homebuyers received benefits under the abatement scheme (reduced tax rate under a special scheme). Under the current service tax regime, for those buying an under-construction flat, an abatement of 75 percent was allowed, subject to the flat being less than 2,000 sq ft and sold for less than Rs 1 crore, taking the effective tax rate from 15 percent to 4 percent. Similarly, if the cost of the flat was above Rs 1 crore and the size of the unit was more than 2,000 sq ft, the abatement was reduced to 70 percent and the effective tax rate to be borne by the buyer was 5 percent. States also charged VAT over and above service tax. This has now been done away with, say experts.

So, if there is no abatement, will there be 12% GST on the total cost of flat, which will spike the cost exorbitantly.

Though it is still a beginning of discussion, the news causes worry to the flat buyers like me.

Kindly provide clarification / explanation on real situation

THanks and Regards

Rajasekar

A company paid CST on the basis of commercial invoice in the current regime. The goods are kept in the premises at the request of the buyer and hence Excise Duty is not yet paid. If the same goods are actually removed in the GST regime what will be the liability and under what provisions?

It is stated that existing Ser. Tax exemptions will continue in GST. But from the list of Council approved exemptions, construction services to Govt. for non commercial purposes is missing. Please recall Sec.102 of Finance Act,1994 and Notn.9 of 2016. is it a miss or purposeful?

Sir
I have migrated my service tax no to GST on 30.04.17 duly signed by adhaar EKYC.The email comes from their side indicating that "the data mismatches with the pan with CBDT."
It is observed that details of following PAN's are not matched with CBDT database. Kindly fill the details as per PAN details and resubmit the Form. Details of the PAN's are as under:
1. AABPS4759H(mismatched PAN)
2. AABPS4759H(mismatched PAN).
I want to know what I can do for this to rectify. My data is same as per the pan card.
Pl guide as soon as possible.
Regards

If I m selling goods within state of Gujarat I'm selling goods from Ahmedabad to Surat which GST tax will apply? and selling goods out state from Ahmedabad to Mumbai which GST will apply? My GST rate is 18% . Request to clarify all expert.

Dear sir/madam

I want know how to migrate Service Tax to GST?

We are running webdesign company we have to Migrate GST we don't know How to do it?
Please let me know

Thanking you

Accountant can be GST Practitioner or not please write me

My Qualification is B COM and I am an only Accountant so please tell / way me How to make GST Practitioner and please tell am eligible for GST Practitioner or not eligible.

dear Members,
I wanted to ask a question in context of GST.
Thanks in advance for your time.
Will gst be applicable on the employee cost allocations for the services provided by national management -CFO,CEO,share service centres to PAN INDIA .

Are private tuitions exempted from gst??