If someone want to purchase flat and pays advance money of 1 lakh before BU permission.And remaining payment i.e. 40 lakhs made after the BU permission.
What is the treatment for that transaction ? Is Gst is leviable and if yes then on what amount?
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Is GST leviavle after BU permission?
Replies (6)
What does BU stands for ?????
The builder cannot charge GST on advance amount & full payment received by him after completion certificate of building
Yes If builder reced advance before receipt of completion certificate the GST will be charged on advance amount & also on final payment made by his clients
The builder cannot charge GST on advance amount & full payment received by him after completion certificate of building
Yes If builder reced advance before receipt of completion certificate the GST will be charged on advance amount & also on final payment made by his clients
sir, What does BU stands for ? 🤔🤔🤔
B U permission meansBuilding Use permission which is given by the Authority like AUDA or Municipal Corporation
Ok. Thank you sir for the answer..
welcome sir.....it is same as completion certificate
Gst credit claim in return after bu permission
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