GST on under construction house

You are here :Home>Discussion>GST on under construction house
GST on under construction house 2017-09-05T16:03:13+00:00
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • Haranath NuthalapatiHaranath Nuthalapati
    Participant
    Post count: 2
    Topics: 1
    Replies: 1
    Been thanked: 0 times
    #2513 |

    Hi All,

    My query is regarding GST on under construction property.

    In June month i made 4 lakh advance payment to my builder to book flat,due to some circumstances we went for registration on Aug 9, now builder is asking me to pay 12% gst on flat amount (i.e. 1260000,
    my question is–> i have to pay 12 on rest 1260000-400000 or on 1260000, please suggest.

    Haranath NuthalapatiHaranath Nuthalapati
    Participant
    Post count: 2
    Topics: 1
    Replies: 1
    Been thanked: 0 times

    Please somebody respond to my query, i need to pay or not, please advise.

    Shreya Singalshreya singal
    Participant
    Post count: 1
    Topics: 0
    Replies: 1
    Been thanked: 0 times

    Hello, Mr. Harnath… if you had paid service tax on that 400000 earlier, you don’t have to pay GST again on that.

    Amit KumarAmit Kumar
    Participant
    Post count: 1
    Topics: 0
    Replies: 1
    Been thanked: 0 times

    Advance Payment made in the month of June attracts Service Tax hence you have to Pay GST@12% only on the remaining amount i.e. 1260000-400000=860000.

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.