banner_ad

Gst on real estate property

This query is : Resolved 

26 November 2017 I had booked a under construction flat in Nov 2016. I had made approx 78% till June 2017 & paid service tax to builder on that amount only. But after implementation of GST from July 2017 builder asking me to make payment of balance 22% along with the GST on it. My query is if I had booked flat prior to GST & also done the registration in Nov 2016 only then should I pay GST on balance 22% amount? If yes, then how much it should be?
Please reply...
P.S. flat is still under construction. Possession promised to be given in May 2018

27 November 2017 Yes 12% GST payable on 22% balance payment. Input credit has to be passed on in price by reducing the price.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details