Gst rate applicable on real estate
This query is : Resolved
22 November 2017
Sir,
GST rate applicable on Builders and Developers.
And if Builder received advances then he is liable to pay GST on that amount.
If builder received advances in the year 2012,2013,2014 and in the year 2017 agreement done then how to calculate GST??
Please guide
Thanks...
GST rate applicable on Builders and Developers.
And if Builder received advances then he is liable to pay GST on that amount.
If builder received advances in the year 2012,2013,2014 and in the year 2017 agreement done then how to calculate GST??
Please guide
Thanks...
22 November 2017
GST applicable at 12% on payment received after 1st July 2017 if land cost is included. Service tax would have been paid on earlier advance received.
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