I am trying to understand how much GST i will be paying for a exercise business case in real estate development(Buy & Sell vs Buy & Hold); then what input tax credits can be availed as well how can Tax liabilities be reduced taking benefit on payments towards Debt.
Menu
GST exercise business real estate
Replies (1)
| Property Type | Status | GST Rate | ITC Eligibility |
| Residential | Under-Construction | 1% or 5% | No |
| Residential | Ready-to-move | Exempt | N/A |
| Commercial | Under-Construction | 12% | Yes |
| Commercial | Ready-to-move | Exempt | N/A |
Recent Topics :
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
Related Topics :
CAclubindia
