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GST Liability on Real Estate Transaction

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Ankita Agarwal

Student CA Final

40 Points Posted on 02 March 2021

Can anyone help me in deciding the order of discharging GST liability on real estate transaction in the case where

I have already been receiving advances but being unaware of GST liability on it, I have not taken GST registration.

Now that I have applied for the registration, how do I discharge my liability on previously received advances?

The certificate of completion is not yet received.

Thank you in advance

Replies (2)

Quick Summary

This discussion addresses the GST liability on real estate transactions, specifically concerning advances received before obtaining GST registration. The user is seeking guidance on how to correctly discharge this liability, including reporting advances in GSTR-1 and paying through GSTR-3B. They also require advice on the documentation process for these earlier received advances.