Income tax effect for builder in case of redevelopment of society

Dear All,

One of our builder client has undergone for redevelopment of co operative society. There are total 20 flats as of now. Now builder will construct 30 Flats and will give 20 flats to society and it will sell remaining 10 flats.

Query:

There will be total expenditure for constructing 30 flats while builder will show sale of only 10 units. Now if we see practically, there will be loss in the books of accounts. so what shall be done in this case?

GST Shall be payable on Stamp Duty of 20 Flats? or GST Shall be payable on additional area provided to existing member?

Replies (2)

1. No builder will do such loss business.

2. GST levied over all the 30 flats.

Ok. Thank you sir. Got it

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details