GST Rate 12 % or 18 % Contractor
This query is : Resolved
01 September 2021
In the case of residential project where more than 50% flat are less than 60 sq. mtr. Balance are More than 60 sq. mtr. work contractor charges concessional rate of GST for flat less than 60 sq. mtr @12 % . Can project get infrastructure status vide notification of Government of India, in Ministry of Finance, Department of Economic Affairs vide F. No.13/6/2009-INF, dated the 30th March, 2017;
Even if selling price of flat is more than 45 lakh.
Even if selling price of flat is more than 45 lakh.
02 September 2021
For concessional rate,both conditions need to be satisfied- less than 60 smtr and less than Rs.45 lakhs.Hence it will be 18%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Cgst asmt - 10
- Charity work ISD
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- RELATED TO ITR OF POLITICAL PARTY
- E-Invoice applicability related question
- TCS ON SCRAP SALE..
- Property transferred from cousin through Gift
- Reduce fine on my company
- Journal entry of TDS operative a/c dr (under withdrawal side of bank a/c)
- REFUND OF TDS CLAIM
- Debit note in Gst
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
