I charged ₹100000 for constructing a house.. & I received advance ₹25000 in july 4 from my client.
1. How I raise bill for advance
2.If iam not a registred builder and construct 1 or 2 buildings in a year what are the GST implications
pls help
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If my total cost including wages, material plus margin is ₹100000
Sir
1.you have to raise advance receipt for client.
2. depand upon your regional threshold limit whether your are liable for registration or not on your turnover.
1.you have to raise advance receipt for client.
2. depand upon your regional threshold limit whether your are liable for registration or not on your turnover.
Builders can opt for the existing 12% GST rate for homes that are under construction as on 31st march but will have to pass on the benefit of input tax credit to the customers.
Dear Vijeesh
In term of Section 22 of CGST the threshold limit to obtain Registration for supply of Services is 20Lac per annum.
So if your income is not exceed that limit you are not required to take Registration.
can you clarify whether you builds individual house or building apartment ??? because the GST rate in both cases is different.
In term of Section 22 of CGST the threshold limit to obtain Registration for supply of Services is 20Lac per annum.
So if your income is not exceed that limit you are not required to take Registration.
can you clarify whether you builds individual house or building apartment ??? because the GST rate in both cases is different.
I build individual building for resale. My question is how my first receipt of ₹50000 with gst.
GST need to be deposit on advance you reced.
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