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Gst on villas construction


Ananth Padmanabharao   16 February 2020

Ananth Padmanabharao

 3 points

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Sir, we wish construct 100 individual houses,  each for single family, 

Land is owned by proprietor and his wife, i wish to know whether advances recived are taxable. 

Any devlopment agreement is required to lessen GST TAX? 

Each single house is sold at 99 laks, 1 crore, and above

can we pay tax after invioce issue? 

What is tax rate, for this, 

Pls, suggest proper tax planning. 

 

Anshuman Basu (account -GST)     16 February 2020

Anshuman Basu
account -GST 
 40 likes  1124 points

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R u purcher or developer?

1 Like
avater

Ananth Padmanabharao   18 February 2020

Ananth Padmanabharao

 3 points

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Sir, we builders and developers, after construction we sell

Rasing Star   09 March 2020

Rasing Star

 2 points

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18% gst will be applicable


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