LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

E-invoicing on real estate business

Gangeshwar (proprietor) (136 Points)

01 April 2022

Dear All,

Will a registered company dealing in developed plots and flats as well as renting of flats will have to issue e-invoice. Yes the turnover is more than 20 cr.

Reply
Follow
Share

9 Replies

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 01 April 2022

For b2b transactions you will have to issue einvoice

Gangeshwar (proprietor) (136 Points)
Replied 02 April 2022

does it mean on sale of developed plots and flats we have to charge GST???

I think sale of plots should fall mostly under B2C.

Opinion from fellow members on this will be appreciated

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 02 April 2022

Einvoicing will get enabled but you will generate it only for b2b taxable supplies

CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 02 April 2022

Yes E Invoice will be applicable in your case but E-invoices have to be generated only for B2B supplies on which GST is charged.

AddisonLogan (AddisonLogan) (24 Points)
Replied 16 June 2022

If you're thinking about buying a house, I would say that it's not the best time to do it. If you go and check the price statistic of the houses, you will see that their price is higher than they would normally be, so it's better to wait for them to drop a bit or at least come back to normal prices. It's too much money to pay right now, so assuming when the next housing crash prediction will be, reading the article https://timthomas.co/signs-of-a-housing-market-crash/ can help you save a lot of money.