GST RATE on sale of Row Bunglow
This query is : Resolved
09 October 2021
I have a plot . I am going to develop three row bunglow on such plot. Size of each row bunglow is 70 sq. meter. Price each row bunglow is Rs 35 lakh.
I have a question .
What will be the GST Rate if i have sold before completion & after completion ?
Any GST RCM will be applicable on purchases ?
Please reply . I am waiting for your valuable support.
I have a question .
What will be the GST Rate if i have sold before completion & after completion ?
Any GST RCM will be applicable on purchases ?
Please reply . I am waiting for your valuable support.
CA R SEETHARAMAN
(Expert)
09 October 2021
1% GST applicable before on sale before completion. No GST sale after completion.
RCM applicable for non compliance of the condition in Notification No. 3/2019 dated 29th March 2019 specifies that 80% of inputs and input services should be procured from registered person.
RCM applicable for non compliance of the condition in Notification No. 3/2019 dated 29th March 2019 specifies that 80% of inputs and input services should be procured from registered person.
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
- Employee secondment
- Ito add credit side of bank
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Rent agreement of House of deceased person
- Rectification under processing even after 6 months cpc portal
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
