GST for 85% completed house ?
Query (Issue) Started By: – Alle SaiPrakash Dated:- 30-12-2017 Last Reply Date:- 30-12-2017 Goods and Services Tax – GST
Got 3 Replies
GST
Dear All,
\nI have booked an independent house on 23rd June 2017, booking was with a society and builder .
\nI have paid 10 lac rupees as booking amount with Builder and Society on 23rd June 2017
\nBooking with Builder to construct independent house with 1050 sft build up area.
\nBy the time of booking the house was completed 85%, and association is planned to register only plot on my name and the builder is going to construct the house.
\nConstruction charge is ₹ 13,50,000\/-
\nStill plot is not registered on my name.
\nNow association and Builder is asking to Pay GS<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n of advance payment and GST is to be paid on the balance amount. This is as per Board's FAQ. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST for 85% completed house ? Query (Issue) Started By: – Alle SaiPrakash Dated:- 30-12-2017 Last Reply Date:- 30-12-2017 Goods and Services Tax – GSTGot 3 RepliesGSTDear All, I have booked an independent house on 23rd June 2017, booking was with a society and builder . I have paid 10 lac rupees as booking amount … Continue reading “GST for 85% completed house ?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9670","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9670"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9670\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By Alle SaiPrakash:
\nThe Reply:
\nThank you Sir,
\nService tax is considered for 10 Lakhs which I paid as advance.
\nbeing I am new the rules for GST, I have one clarification.
\nBuilder is completed 85% of construction at the time of booking ( before 1st July), he could have paid service tax for the material that he purchased and labor charges , I think he should not charged for complete constructed amount ?
\nCan you please clarify on this point ?
\nthanks,
\nSai.
\nReply By KASTURI SETHI:
\nThe Reply:
\nCompletion of 85 % is not relevant here. Date of advance received by the builder is relevant here. It is continuous supply. Moreover, since the ch<\/p>\n
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