GST Returns - Builders
This query is : Resolved
15 September 2021
One of my client (builder) sold a flat for Rs.96 Lakhs - in the sale deed this amount was mentioned. The Registration department's value is Rs.1.05 Crore and the buyer paid registrations amount on Rs.1.05 crore. Paid TDS on Rs.96 Lakhs @ 1% - What is the value I have to declare in GST returns
R S Sai kumar
R S Sai kumar
15 September 2021
The value mentioned in the sale deed is the taxable value of supply and GST is applicable on such value only.
15 September 2021
Thank you very much Mr.Udaya Chandran
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