In Revenue sharing - value of TDR on unsold apartments in my opinion will be :- Suppose revenue shared - 50 cr. And unsold 10%. So value of TDR = (50/90%) = 55.55 * 10% = 5.55 cr. For unsold. 5.55 * 18% = 1 cr. Compare with 1/5% of MV. Correct me if i am wrong.
Yes this seems logical , otherwise as explained if i will sell only 10% of area for let say 100 cr for rest 90% i will pay gst under rcm which will 100cr *90%*18% = 16.2 cr As per your calc it will (100cr/10%)*90%*18% = 162 cr
If we will go as per explained method then everyone will enter in revenue sharing and will sell as lesser as they can for under construction area , bcoz rcm will be less and after completion there will be no gst , please correct me if i am wrong
What would be the case, in case of JDA for selling of raw plots in licensed land. Since there is no GST on Sale of plots as clarified by the GST department. What would be the liability under GST on the Developer be it case of area sharing or revenue sharing
Gst for tdr for residential house the rate is 18% , but there is a limit of 1%/5% of the value of entire residential housing project or value of entire project (including affordable housing, non affordable housing and commercial) or value of unsold residential flats as on date of cc ?
hello sir i need information about residential redevelopment project . who will bear GST builder or old tenant if tenant how many percent ??? Also guide me GST applicable for exiting area or new increase area which was given by builder.
which notification no. and date are you referring, if it is true that 1% for affordable and 5% for non-affordable without ITC is applicable 13:44
Parag Mehta sir, just reads out the Presentation sheets: Explanation '0'. But Mr. Ankit Joshi explained it in a very good way.
He says Supreme High Court . But it is called only as the Hon'ble Supreme Court. Pls convey to Mr. Mehta .
In Revenue sharing - value of TDR on unsold apartments in my opinion will be :-
Suppose revenue shared - 50 cr. And unsold 10%.
So value of TDR = (50/90%) = 55.55 * 10% = 5.55 cr. For unsold.
5.55 * 18% = 1 cr. Compare with 1/5% of MV.
Correct me if i am wrong.
Yes this seems logical , otherwise as explained if i will sell only 10% of area for let say 100 cr for rest 90% i will pay gst under rcm which will 100cr *90%*18% = 16.2 cr
As per your calc it will
(100cr/10%)*90%*18% = 162 cr
If we will go as per explained method then everyone will enter in revenue sharing and will sell as lesser as they can for under construction area , bcoz rcm will be less and after completion there will be no gst , please correct me if i am wrong
What would be the case, in case of JDA for selling of raw plots in licensed land. Since there is no GST on Sale of plots as clarified by the GST department. What would be the liability under GST on the Developer be it case of area sharing or revenue sharing
Can you do a talk on APPLICABLE GST on SELF-REDEVELOPMENT/SELF-FUNDED by a CO-OP HSG SOCIETY?
What shall be the hsn code for construction services provided by the developer to landowner at 5℅ or 1℅ gst rate?
Please go through ❤
Gst for tdr for residential house the rate is 18% , but there is a limit of 1%/5% of the value of entire residential housing project or value of entire project (including affordable housing, non affordable housing and commercial) or value of unsold residential flats as on date of cc ?
hello sir i need information about residential redevelopment project . who will bear GST builder or old tenant if tenant how many percent ??? Also guide me GST applicable for exiting area or new increase area which was given by builder.
Assumed 50 cr. Is shared for 90% bookings before OC/CC
Nice Explained Sir
What is long form of ITC
Input tax credit
PPT please share sir
Please find the following link for the PPT: taxmann.social/YyIo1