A BUILDER WHO IS CONSTRUCTING RESIDENTIAL FLATS AND SELLS. HE HAS OBTAINED COMPLETION CERTIFICATE FOR THESE FLATS AND NEED NOT TO CHARGE GST ON SELL OF FLATS. MY QUESTION IS, IN GSTR3B AND GSTR1 HOW WILL WE SHOW THIS SELL AMOUNT?
PLEASE GUIDE
Menu
Gst for builder
Replies (5)
Quick Summary
GSTR3B - outward supply - Non GST Supply as cover by Schedule III.
GSTR under column no 8 . Nil-rated, exempt and non-GST outward supplies
GSTR under column no 8 . Nil-rated, exempt and non-GST outward supplies
SIR AS PER SCHEDULE III ITS NON SUPPLY. NOT NON GST SUPPLY.
PLEASE GUIDE.
On sale of flat, no Gst will charge as entry lies under Sch-III, As it is not supply then it will not be consider as Non GST supply
No entry will made in Gstr3b
No entry will made in Gstr3b
THANK YOU
I WANT TO KNOW THAT WHERE WILL WE SHOW IT IN GSTR1 OR GSTR9
REGARDS
No requirement in Gstr1 and 9 also
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
