GST Returns - Builders
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R S Sai Kumar
(Querist)
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
Udaya Chandran
(Expert)
15 September 2021
The value mentioned in the sale deed is the taxable value of supply and GST is applicable on such value only.
R S Sai Kumar
(Querist)
15 September 2021
Thank you very much Mr.Udaya Chandran
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