Menu
Works contracts, Purchase and Sale of plots
We do works contract for new houses, puchase and sale open plots..yearly T.O. Rs.2cr above...now pls tell me we need gst registration? eligible for kind of ITC? how we collect gst from clients on works contracts and only sale of plots? gst rate?...upto now we did not register under gst. started our business in Aug-2016.
Replies (16)
yes registration under gst is required ..as the 'work contract ' is defined as service under gst and turnover is more than 20 lakh.
Thank u for ur qck reply. pls clarify, How can we utilize of ITC? how we collect gst from clients on works contracts and on sale of plots? various gst rates?
sir in the case we can not collect advance payment from customers than no need for gst registration.
sale of plots only not attract gst, if u sale of under construction flats then attract gst , in your case sale of plots comes under immovable property no work contract ,u can sale without obtaining gst registration
if u sale of under construction flats then attract gst. at what rate?
If you sell under constructed flats, then rate of GST is 12%
If you sell under constructed flats, then rate of GST is 12%
If you sell under constructed flats, then rate of GST is 12%
If you sell under constructed flats, then rate of GST is 12%
If you sell under constructed flats, then rate of GST is 12%
If you sell under constructed flats, then rate of GST is 12%
If you sell under constructed flats, then rate of GST is 12%
Thank u sir
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
