I am purchasing a 3BHK flat in under-construction stage and the builder is charging a 12% GST(6.72L) on the total amount [Base price(52.5L)+amenities(3.5) prices].
Further, I heard that when I want to sell this flat I should not charge the GST for buyer.
My Question, if I can not charge the GST amount then I will have losses, so under this circumstance can guide me through the law on HOW to RECOVER my paid 12%[6.72L] GST. If there is no way of recovering this GST then I will drop the idea of the buying the flat.
Your advice is highly appreciated. Please Help me.
Want to know, if we are listed as a Homestay in some ecommerce websites like tripadvisor, etc, etc… are we required to register under GST ? If yes, what are the current tax rates applicable for homestays ?
I am forced to surrender my GST number as by mistake my CA has registered it under ISD and not as normal tax payer. So will get the same GST number or it will be different? And if it will be different then will my clients (who have paid me GST) be effected? Please help! Thanks!
What will be the GST rate on the composite electrical contract which includes supply of goods, civil works and installation? The work is executed for the state Govt. I want know how gst rate will be and can ITC avail against inward supply of goods & service.
Dear Team, If a registered firm operating in india and providing services to USA company and receives payments in dollars in monthly invoices, is come under GST ? The employees are Indians and they do the work for US company and deliver services through internet. for the work done they will send payment in dollars to indian firm, which will pay salaries in rupees to employees. There are no services/selling/buying any physical products only development of software to US Company. Can you please let me know GST is applicable for these types of services or not ? Thanking you in advance
There is a case before me in which a person has issued two credit note of same tax rate on a single Invoice I just want to know is it possible because when I am uploading the same in GST tool it is showing the error. So tell me how I can upload the same for filing the GSTR-1.
We own a construction firm and built an apartment. Sold some of flats before gst got implemented and used to pay 1.25% VAT in Andhra Pradesh. Got completion certificate in 2016, should we collect gst from remaining buyers ??
I have paid Rs 70000 for a marriage hall and they charged Res10500 as service tax. This is prior to GST but same year. Now they have provided the GSTIN number and said I can claim refund. How to claim the refund. Am I eligible for the refund
My home loan sanctioned under the terms of “Purchase of Ready House”.Builder is charging GST from us but ready to move property GST is zero. How could i know whether the builder is Paying GST on the property.
my society is under redevelopment and I wish to surrender extra area available to me (my elgibility as per offer is 899 sq ft whereas I wish to take a flat of 779 sq ft), to another member who desires to purchase extra area. Can I know the GST implications/treatment for the said sale transaction by me.
Can anyone guide me on this query. Is GST applicable on a resale flat ? However the building is 10 year old but has not received an OC/CC until now due to some litigations. Will there be GST payable since OC is not yet received however this is a resale transaction. Thanks in advance. Also if any particular ruling in this regard can be quoted, would be really helpful. Thanks
Hi, I’m a software exporter operating as individual consultant (having EEFC account, current account, IEC code in my name). All income is 100% export and in foreign exchange. Since export of service is Zero Rated, I wanted to know if I can claim GST refunds on items such as purchase of vehicle (for use in India), and if there is any requirement to be a “firm” instead of a individual for such claiming GST refunds. Thanks.
Dear Sir one of my clients user id password had been misused by someone and he had submitted aug 2017 GSTR 3b with wrong details offsetted the liability & submitted the return but could not file due to OTP .now as the aug 2017 GSTR 3b Figures are wrong we could not file the succeding months return ,we are stuck and how to proceed further please help.
Hello,If I purchase the goods from x and x is not filed the GSTR1 but i have taken the ITC on that goods what will happen ? another scene is that If X File the GSTR1 after three months what will be happen in both the cases Please explain me, Thanks