I have purchased a new flat and registered it in February 2017. I have paid all taxes as per agreement value(Full agreement). The project hasn't received OC yet. Bcoz of this the bank has not given the balance loan amount. We have already paid tax on this balance loan amount too. Now the builder is saying I have to pay GST on this balance amount if paid after 1st July,2017.
What does GST rules say about this?
Please Help
Menu
GST for under construction flat
Replies (10)
If builder said that than builder must want to return previous taxes which he charged you.
No clarification over the dilemma of the customers like you...............
Only hope, Anti Profiteering provision to pass on the ITC benefit to customers.......
If unitedly represented by any organization, some solution bound to come.........
If the builder is not completing the work. That is why the amount is pending from bankers side.
The statement of Builder is wrong. You need not pay any GST on that amount.
Right
what is your payment condition in sale deeds.It will depends for payment of GST.
if u HV registered flat purchase already them no GST
Somebody can help me, i have just joine in p ltd com. i just want to know about depreciation rate for (construction, Builder) p ltd com.
Somebody can help me, i have just joined in p ltd com. i just want to know about depreciation rate for (construction, Builder) p ltd com.
@ sharad: For builder......... for unsold flats/units...... i.e. stock in trade...... no depriciation allowed.
For fixed assets depreciation of commercial bulding is taken as 10% as per IT act.......
If already Sale Deed Registered then there is no requirement to pay GST. Buider require to due Service Tax Liability as on Sale Deed Registered Date.
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
