Where have to we declare landlord share value
This query is : Resolved
05 May 2022
Mr. X is landlord and Mr. Y is builder
They have entered in to Joint Development Agreement
Mr. Y will Construct total 10 flats (7+3)
7 for builder and 3 for land lard
Here builder has to pay GST on all flats (7+3)
Each flat sale value is 15,00,000
doubt:
here builder will collect consideration for 7 flats due to he directly sales to customers and he can pay GST and he shows as sales in GSTR1 and GSTR3B
he is ready to pay GST on remaining 3 flats but he did not take any consideration from landlord, then where we can show this transation in GST Return
They have entered in to Joint Development Agreement
Mr. Y will Construct total 10 flats (7+3)
7 for builder and 3 for land lard
Here builder has to pay GST on all flats (7+3)
Each flat sale value is 15,00,000
doubt:
here builder will collect consideration for 7 flats due to he directly sales to customers and he can pay GST and he shows as sales in GSTR1 and GSTR3B
he is ready to pay GST on remaining 3 flats but he did not take any consideration from landlord, then where we can show this transation in GST Return
05 May 2022
Raise 18% GST tax invoice on land owner on 15 lacs less land value as construction cost .
Show it in GST return as construction services provided.
Show it in GST return as construction services provided.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- NRI starting business in India
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Filling ITR - U
- Capital gain on sale and purchase of plot
- Resigning a auditor from the company for misconduct
- Invertaded duty struture
- Form 140 tds
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
