GST TAX LIABILITY FOR BUILDERS
Query (Issue) Started By: – Davinder Singh Dated:- 4-7-2017 Last Reply Date:- 4-7-2017 Goods and Services Tax – GST
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GST
Dear Sir,
Question for builders dealing in construction of Residential Flats.
1. GST Liability for those flats which had constructed before 01.07.17. Investment made by owner with his funds and flats ready for sale.
2. GST Liability of those flats which are under construction and booked by some one before 01.07.17., and an amount of Flat paying in installments and booking after 01.07.17. explain the GST treatment for the same.
3. Eligibility for Input credit in Opening Stock ( Finished Flats ) and work in Progress flats.
Reply By Mehak Malhotra:
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