read carefully, if you read section 17(5)(c) carefully then you will realize that only re-construction, renovation, additions or alterations or repairs, to the extent of non non capitalisation are allowed to take ITC ... in respect of construction.. itc is not allowed in any case
Sir your all lecture are awesome. I have one doubt in this lecture at 2.41 hrs of the vedio it is shown that 20 % of residential is 20 crore than 5 % is tax levy. Is 20 % of residential is 8 crores or not
Hello everybody, I just noticed may be I can be wrong MM sir, from 2:40:00 till 2:48:00 please check the calculation of 20% residential unsold valuations. I think the valuation of that 20% will be of 40% residential----which will be 8 crores and 8 crores with 5% tax rate= 40 lacs. Hence, the total calculation will come to 60 crores with 18% tax rate=10.8 crores+ 40 lacs for residential= 11.2 crores total. Please clear this doubt of mine.
Hello Sir, Thanks for this knowledgeable seminar. Kindly correct me if I am wrong.. Where land is involved it's a construction service i.e. applicable for builder otheriwse it's a Works contract service ..ie a thekedar.. Further the new rates of 1.5 or 7.5 percent are for construction service ...for builders...and not for works contractor (thekedar)
HELLO SIR CHARITABLE SOCIETY REGISTERED UNDER 12AA UNDER INCOME TAX ACT, GAVE WORKS CONTRACT TO CONTRACTOR FOR CONSTRUCTION OF CHURCH AND SCHOOL, WHAT IS THE RATE OF GST TO BE CHARGED ON THESE CONSTRUCTION SERVICES
Sir i am still confused , my problem is that i do trunkey projects that is with material construction of residential and commercil buildings , no sub contractor is involved i only manage material and labour and everything , in that case when client give me the payment via cheque or RTGS then how i have to file GST.as i get bills for steel , cement and painter material but no bills of labours and other materials. So will i need to pay the gst of remaining amount ????? Example : Apne mujhse ghar banwane ka contract kiya and ghar 1cr main ready hua , qpne poora payment RTGS ya cheque se kiya ,jiske against mujhe steel , cement and paint ke bill mil gaye suppose 30 Lacs ke baaki morang and labour payment which include civil labour , plumber ,electrician ,carpenter ,painter etc etc .ka koi bill hota nahi to kya mujhe remaining 70 Lacs pe 18% GST dena padega ?????? Please guide me .
Hello Sir, Work order for 1 cr , Painting Work, Glazing Work, Joinery & Carpentry Electrical work Including Material but in marble work contractee supplied marble and we are only Labour work, Sir I want to know that what impact on us in GST bcs there are two types of Service 1. WC and other only services. in this situation, we were separate order for work contract and labor contract or single work pls suggest
PLEASE ELABORATE. WHETHER GST IS APPLICABLE IN CASE OF TDR FOR DEVELOPMENT OF PLOTS ONLY AND NOT PROVIDING CONSTRUCTION SERVICE. IN ONE CASE LANDOWNER AGREED TO GIVE 8% OF TOTAL LAND TO THE DEVELOPER IN LIEU OF DEVELOPMENT OF PLOTS. 1. GST IS PAYABLE ON SUCH SERVICE OF TDR FOR DEVELOPMENT OF PLOTS/LAND. IF YES THEN WHO WILL PAY. 2. GST IS PAYABLE ON WORKS CONTRACT SERVICE PROVIDED BY DEVELOPER TO THE LAND OWNER.
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Great Teacher. In-depth Knowledge of subject.
Very useful lecture and nicely explained..
Excellent Mishra ji
Excellent sir
Very helpful...thank you siraji
Nice sir, this video will help a lot in audit of builders which is otherwise a tiresome process
A CBIC OFFICER
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awasome lecture
Sir app costing (ca inter) bhi pdana start kr do... Your concept clarity is awesome
Very Nice. Helpful in professional life
Very nice lecture
Yes, yes, yes
Sir road and bridge ka work contract agar hai to site pr hone wale maintenance ki purchase ka ITC claim kr sakte hai
read carefully, if you read section 17(5)(c) carefully then you will realize that only re-construction, renovation, additions or alterations or repairs, to the extent of non non capitalisation are allowed to take ITC ... in respect of construction.. itc is not allowed in any case
👍👍👍
Sir your all lecture are awesome.
I have one doubt in this lecture at 2.41 hrs of the vedio it is shown that 20 % of residential is 20 crore than 5 % is tax levy. Is 20 % of residential is 8 crores or not
Yes
Sir, isn't IDS refund restricted on input services as per the recent supreme court order, so will refund be valid in such cases?
Great sir !!!! speach less
Please share with others. 🙏🙏
Loved it
Hello everybody, I just noticed may be I can be wrong MM sir, from 2:40:00 till 2:48:00 please check the calculation of 20% residential unsold valuations. I think the valuation of that 20% will be of 40% residential----which will be 8 crores and 8 crores with 5% tax rate= 40 lacs. Hence, the total calculation will come to 60 crores with 18% tax rate=10.8 crores+ 40 lacs for residential= 11.2 crores total. Please clear this doubt of mine.
Hello Sir,
Thanks for this knowledgeable seminar.
Kindly correct me if I am wrong..
Where land is involved it's a construction service i.e. applicable for builder otheriwse it's a Works contract service ..ie a thekedar..
Further the new rates of 1.5 or 7.5 percent are for construction service ...for builders...and not for works contractor (thekedar)
Hi Mayur,
yes, your understanding is all the way perfect.
yes
Could you please make a video on Gst impact on Import of Goods and Services
Sir, pls upload video on place of supply.
Presently government works contact hospital ki kam me 12 % or 18% hoga under the notification 15/2021 dated 18/11/202l pls reply
HELLO SIR CHARITABLE SOCIETY REGISTERED UNDER 12AA UNDER INCOME TAX ACT, GAVE WORKS CONTRACT TO CONTRACTOR FOR CONSTRUCTION OF CHURCH AND SCHOOL, WHAT IS THE RATE OF GST TO BE CHARGED ON THESE CONSTRUCTION SERVICES
18%
@@mmforyou THANKS SIR
Sir i am still confused , my problem is that i do trunkey projects that is with material construction of residential and commercil buildings , no sub contractor is involved i only manage material and labour and everything , in that case when client give me the payment via cheque or RTGS then how i have to file GST.as i get bills for steel , cement and painter material but no bills of labours and other materials.
So will i need to pay the gst of remaining amount ?????
Example : Apne mujhse ghar banwane ka contract kiya and ghar 1cr main ready hua , qpne poora payment RTGS ya cheque se kiya ,jiske against mujhe steel , cement and paint ke bill mil gaye suppose 30 Lacs ke baaki morang and labour payment which include civil labour , plumber ,electrician ,carpenter ,painter etc etc .ka koi bill hota nahi to kya mujhe remaining 70 Lacs pe 18% GST dena padega ??????
Please guide me .
Sir cma inter mtp discussion video?
Contrctor agar flat banake sell kya toh kya GST rate hoga ?
Depends: th-cam.com/video/gfr9RRfty44/w-d-xo.html
Dear Sir, I'm a new govt contractor in construction of buildings . Sir , kindly let me know in which (gstr3b/etc.) GST I should file .
kindly consult on whatsapp
Is it same video as the one uploaded last year
It is more concentrated on Works Contract.
Hello Sir,
Work order for 1 cr , Painting Work, Glazing Work, Joinery & Carpentry Electrical work Including Material but in marble work contractee supplied marble and we are only Labour work, Sir I want to know that what impact on us in GST bcs there are two types of Service 1. WC and other only services.
in this situation, we were separate order for work contract and labor contract or single work pls suggest
Kindly contact with full details at consult@madhusudanmishra.in
Didn't receive the slides. made the required payment please.
Respected Sir, kindly check your e-mail address.
Builder aur contractor main kya farak hain ?
Check at 02:03:05
Capitalise matlab kya hain ?
SHOWING IN B/S.
Why are you asking Aadhaar for the PDF ?
Your Aadhar Number will be used to encrypt the PDF to ensure unauthorized circulation and infringement.
PLEASE ELABORATE.
WHETHER GST IS APPLICABLE IN CASE OF TDR FOR DEVELOPMENT OF PLOTS ONLY AND NOT PROVIDING CONSTRUCTION SERVICE.
IN ONE CASE LANDOWNER AGREED TO GIVE 8% OF TOTAL LAND TO THE DEVELOPER IN LIEU OF DEVELOPMENT OF PLOTS.
1. GST IS PAYABLE ON SUCH SERVICE OF TDR FOR DEVELOPMENT OF PLOTS/LAND. IF YES THEN WHO WILL PAY.
2. GST IS PAYABLE ON WORKS CONTRACT SERVICE PROVIDED BY DEVELOPER TO THE LAND OWNER.
th-cam.com/video/gfr9RRfty44/w-d-xo.html
Sir please
12 3
no
No
NO
Yes