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Taxation of GST on Builders

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(Querist)
13 January 2020 My Client Built One Residential Plats WITH JD total Flats are around 120 out of which My Clint is a Partnership Firm. he having 40 Flats stated in 2014 still continuing to built. as of now there is no sales. now we are going to sale How much GST to be Collecting from clients. From April 202019 i dint file the returns. previously i client input claimed but not utilised. this year we are not claiming Input. Now we are collecting Out Put GST@5% Its is correct.or How much GST To be Collect from them

Srinivas Reddy
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
13 January 2020 You cannot avail any itc. Charge and collect 5%.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
13 January 2020 Yes you can go composition 5% without itc , you have to reverse itc credits shown in return.
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Amol S Joglekar

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Amol S Joglekar (Expert)
14 January 2020 if you charge and collect 5%, ITC can not be claimed
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