Menu
kindly clear my confusion about gst reverse on property land purchase
My husband have gst number and run his spareparts business if he can give payment of a plot (land) for me then he can claim reversal of the 12 % gst of on EDC (EXTERNAL DEVLOPMENT CHARGES) of my plot land or not ????
Replies (5)
not claim if your business is not constraction
ok sir thankyou
Dear sir ,
My husband says that under SEC 17 of CGST Act No ITC this is reversable is he right or not kindly help me ????
My husband says that under SEC 17 of CGST Act No ITC this is reversable is he right or not kindly help me ????
Individual use GST tax can't applicable for company purpose....
This cannot be classified as supply under section 9 if the CGST Act 2017 as the transfer is not in the course of furhernce of business and the point about consideration is silent. hence he cannot charge GST on the transaction and reverse the input tax credit
Recent Threads
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
Related Threads
CAclubindia
