We sincerely appreciate the overwhelming response we received for our inaugural industry-based webinar. We are delighted to inform you that our Advanced Course offers comprehensive coverage of over 30 service sectors, providing in-depth analysis and interlinking of GST Laws with more than 20 other Laws. To enhance your expertise in GST, we encourage you to take advantage of our Advanced Course. Access the course at the following link: gstbymm.com/courses/advanced-gst-course Thank you to all who participated in the webinar, and we look forward to supporting you in your journey towards becoming a GST expert. PS: For all questions/queries/updates, join us on WhatsApp: invite.gstbymm.com/professionals UPDATE: GUJARAT HC in the case of MUNJAAL MANISHBHAI BHATT V. UNION OF INDIA has held that "the impugned Paragraph 2 of the Notification No. 11/2017-Central Tax (Rate) dated 28.6.2017 and identical notification under the Gujarat Goods and Services Tax Act, 2017, which provides for a mandatory fixed rate of deduction of 1/3rd of total consideration towards the value of land is ultra-vires the provisions as well as the scheme of the GST Acts. The application of such a mandatory uniform rate of deduction is discriminatory, arbitrary, and violative of Article 14 of the Constitution of India."
I was just searching on Google to understand the GST on Real Estate there was a lot of confusion but suddenly I got a video of yours it is unbelievable not to find such type of video on real estate. When a small child goes into the nursery that time how the teacher guides as a child in the same type you have given us knowledge Hats off
Can't believe that such a complicated topic has been explained in such a crisp and clear manner. The example you have designed is just super se bhi uper
Thanks sir for such a informative & valuable knowledge video. AajTak kabhi itna intrest lekar koi 2hrs ka lecture Maine consume nahi kiya tha. After listening good explanation I did it today! 😅
Hands down the best available video on the subject matter. Thank you soo very much for putting in the time and effort to make this video, so we could learn. 🙏🏽
Always a treat to watch you ....your all videos are so helpful not only for the students but also for the practising professionals like us.... Thanks again for sharing valuable knowledge.
Sir under construction flat super buildup area 570 sq carpet Area 456 de raha h( flat price 30 lakh )gst her payment me 5% builder le raha use 1% lena chahiye na affordable property hua na per plz reply mujhe samaj me nahi aaraha ha Pura flat bangayega to fir GST lagega kya
Excellent deliberation, i am a practicing Chartered Accountant it was really good. you have a long way to go, professionals can easily understand the complex subject of JDA by watching this lecture. Thanks a lot sir. One thing i would request you is to kindly also post a video of the income tax aspects of JDA if possible. Thanks again & All the best!!
Thank you very much sir for such an excellent presentation with Case study covering all aspects of T1,T2,T3 and T4 and explaining very neatly supply, taxable person, exemption, value of supply, Time of supply, ITC availability etc under each transaction. Congratulations sir. I have a small doubt. Under T1 exemption has been computed as 600 lakhs. Where do we use this to deduct tax liability or turnover deduction. Thanking you sir
Dear Sir, Really very simple and deep knowledge & Cover All aspect for Exam purpose also Practical life...... I am CA... Keep it sir, Also upload new video on others topic such as export of goods & service with all aspect for practical purpose
sir, I have seen so many videos for understanding real estate provision under GST I did not understand but in your explanation, all the doubts will clarify pls do such videos thank you
Sir really good presentation and appreciate the effort taken. But there are few points to note: 1) You should have taken 2/3 for value of supply of TDR as 1/3 is land. So in your example for GST payable for unbooked residential apartments should be lower of : a) 1200 lakhs*60%*2/3*10/60*18%=14.4 lakhs or b) affordable (5*45*2/3*1.5%)=2.25 lakhs + Other(5*55*2/3*7.5%)= 13.75 lakhs =2.25+13.75=16 lakhs So lower will be 14.4 lakhs . 2) Since this project is REP commercial apts. rate is 12% after deduction of value of land of 1/3rd. So ITC will be available to builder only on TDR on commercial Apts paid under RCM . But here also ITC will be of no use as he cannot use it against GST of 5% and 1% payable against residential apartments but he can use against 12% collected from customers on commercial apts. sale. ITC WILL NOT be available to builder for unbooked residential apartments paid under RCM by Builder. 3) If project was RREP then comercial apts rate would be 5% on sale to customers. Hence ITC on RCM(as discussed in point 2) paid for commercial apts. would not have been able to be utilised against any output tax payable and hence would not be able to set off against. Alos refund is not possible of this ITC.
Very much informative and helpful video, frankly speaking I couldn't get so much clarity after attending the ICAI's webinar what I got here, Thank you Mishraji for your efforts. I have few queries regarding the subject, kindly enlighten the same: 1. If the landowner does not want to sell the Units (which he would get as his share as per the JDA) before completion, i.e., he is not into the same line of business but due to some circumstances he has to sell the under constructed units to some outsider. In that case, whether he will be covered under T-4 & has to obtain GSTIN? 2. In the same situation as mentioned above, if he sells his share to co-owner instead of outsider, whether he will be covered under T-4 & has to obtain GSTIN? 3. At the time of filing GST Returns of a Builder, whether Effective GST % would be reported or the Notified %? One recommendation - if you also make a video on Income Tax & TDS applicability on Real Estate / JDA transactions, that will be great. Thanks once again!
1. The definition of "business" under GST is very wide and controversial. Even if he/she has to sell due to "some circumstances", it will be considered as a business and will get covered under T4. As definitely the turnover will exceed 20 lakhs easily, they have to take GSTIN. 2. Yes, it doesn't matter who is the recipient. 3. Notified Rate.
awsome sir, exemption of Rs 600 lack calculated but where it is deducted or benifit of this exemption where taken i could not under stand, rest i got very well. Sir you have made it very easy.
The whole explanation was very much helpful, I only have one question as to were under the notification is it written about TOS for TDR transfer for Money + commercial seperately.
![[TH] 2024 PMSL SEA Finals D2 | Fall | ต้องรักษาฟอร์ม อย่ายอมให้ใครแซง](http://i.ytimg.com/vi/x38QsGn7A3M/mqdefault.jpg)
We sincerely appreciate the overwhelming response we received for our inaugural industry-based webinar. We are delighted to inform you that our Advanced Course offers comprehensive coverage of over 30 service sectors, providing in-depth analysis and interlinking of GST Laws with more than 20 other Laws. To enhance your expertise in GST, we encourage you to take advantage of our Advanced Course. Access the course at the following link: gstbymm.com/courses/advanced-gst-course
Thank you to all who participated in the webinar, and we look forward to supporting you in your journey towards becoming a GST expert.
PS: For all questions/queries/updates, join us on WhatsApp: invite.gstbymm.com/professionals
UPDATE: GUJARAT HC in the case of MUNJAAL MANISHBHAI BHATT V. UNION OF INDIA has held that "the impugned Paragraph 2 of the Notification No. 11/2017-Central Tax (Rate) dated 28.6.2017 and identical notification under the Gujarat Goods and Services Tax Act, 2017, which provides for a mandatory fixed rate of deduction of 1/3rd of total consideration towards the value of land is ultra-vires the provisions as well as the scheme of the GST Acts. The application of such a mandatory uniform rate of deduction is discriminatory, arbitrary, and violative of Article 14 of the Constitution of India."
Sir, can I make my final year MBA project on "impact of GST on real estate sector"?
@@rashibisaria1025 Taxation is not a preferable topic for MBA. I suggest you go with a topic of your subject of MBA. Best of Luck.
Thank you sir.
Its humble request "BETA BETA" karna band kijiye
Hope you will get some professional views as well.
Sir i am practicing Chartered accountant and i must say this video really helped me ... thank you
I was just searching on Google to understand the GST on Real Estate there was a lot of confusion but suddenly I got a video of yours it is unbelievable not to find such type of video on real estate. When a small child goes into the nursery that time how the teacher guides as a child in the same type you have given us knowledge Hats off
Can't believe that such a complicated topic has been explained in such a crisp and clear manner. The example you have designed is just super se bhi uper
A Gem of a lecture.
Can't believe a lecture of such a high level can exist.Such a detailed analysis.
Pure TH-cam par esa lecture nahi hai sir...You are the Best. Thank You so much.
Sab record tod diya aapne sir aaj tak ase simply and classify smoothly lectures aaj tak mene nhi dekha sir thanks a lot of sir ji
Aaj tk pure you tube pr is se exellent class nahi mill...may god bless u...
Most comprehensive video ever made on this complex subject. Thank you very much.
Sir,
This was the perfect one. I have never seen so detailed and highly analytical lecture.
Thanks sir for such a informative & valuable knowledge video.
AajTak kabhi itna intrest lekar koi 2hrs ka lecture Maine consume nahi kiya tha.
After listening good explanation I did it today! 😅
Never imagined that I will understand the concept of jda,tdr thanks u sir ❤
One stop solution... Great example sir...
Really excellent class all concept were clear after joining the class👍👍
Complex topic explained in very easy way....
Sir you have really understood the subject very clearly. Thanks once again
Sir, You have covered all things at one place.
Thank you very much
sir thank u very much for such a fabulous work. made our life easier.
Great sir. You covered all concept in single lecture
Super sir.I have fully KNOWLEDGE about after the see the video
Hands down the best available video on the subject matter. Thank you soo very much for putting in the time and effort to make this video, so we could learn. 🙏🏽
Always a treat to watch you ....your all videos are so helpful not only for the students but also for the practising professionals like us....
Thanks again for sharing valuable knowledge.
Sir under construction flat super buildup area 570 sq carpet Area 456 de raha h( flat price 30 lakh )gst her payment me 5% builder le raha use 1% lena chahiye na affordable property hua na per plz reply mujhe samaj me nahi aaraha ha Pura flat bangayega to fir GST lagega kya
Seen webinars, tried reading articles on JDA still there wasn't complete clarity. Gotta appreciate your content. It's super easy to understand.
Nicely explained sir ...in one shot crystal clear
Thank you very much
Mind blowing class sir... priceless class. Highly Thankful to you.
Mind blowing....sir..... highly thankful to you...
Excellent deliberation, i am a practicing Chartered Accountant it was really good. you have a long way to go, professionals can easily understand the complex subject of JDA by watching this lecture. Thanks a lot sir. One thing i would request you is to kindly also post a video of the income tax aspects of JDA if possible. Thanks again & All the best!!
Thanks a lot sir. I will try my level best to share as much as I can. Need your blessings. 🙏🙏
Sir, gst law ke OR INPUT TAX CREDIT KE DETAILS DISSOLVED KORE
KON KON ITC MILEGA AND KON KON ITC NAHI MILEGA .
This is must watch.. Very nice lecture thank you
Very nicely and explicitly explained sir. Thank you
In true sense true webinar on real estate...
Thank you very much sir for such an excellent presentation with Case study covering all aspects of T1,T2,T3 and T4 and explaining very neatly supply, taxable person, exemption, value of supply, Time of supply, ITC availability etc under each transaction. Congratulations sir. I have a small doubt. Under T1 exemption has been computed as 600 lakhs. Where do we use this to deduct tax liability or turnover deduction. Thanking you sir
superbly explained in a simple and lucid manner.
Superb
No one can teach better than you at least this topic
Hats off to you
then I think you have to watch the other lectures as well. 😂😂
Sure
Kindly check notification no 6/2019
A lot of thanks to you for preparing such kind of useful video 🙏
Excellent you have given spoonfeeding. You may also explain on SERVICE TAX.Hatsoff.
Wonderful lecture sir.
Nice information sir
Dear Sir, Really very simple and deep knowledge & Cover All aspect for Exam purpose also Practical life...... I am CA... Keep it sir, Also upload new video on others topic such as export of goods & service with all aspect for practical purpose
Thank You!! Going to upload many practical industries based lectures. Keep Sharing.
Excellent video sir
Hello Sir
I am CA Ajay
Your delivery towards Topic was very Goods
Wonderful explanation of the topic 👏👏👏👏 thank you so much
Isse better lecture mil gaya to batana.....❤❤❤❤❤❤ that was so helpful..can't express in wordd
sir, I have seen so many videos for understanding real estate provision under GST I did not understand but in your explanation, all the doubts will clarify pls do such videos thank you
Brilliant Coverage
MAZA AAGYA SIR!
Excellent, wonderful way of explanation, ❤️
Thanks for such a awesome explanation, you really got great skills of teaching, thanks once again
Such a detail explanation.. HATS OFF
Very well explained. Thank you sir
Ese to kisi ne nahi padha rakkha sir. tussi great ho...
Excellant teacher
Thank you for such a wonderful deliberation....
Very well explained 👍🏻
Sir really good presentation and appreciate the effort taken. But there are few points to note:
1) You should have taken 2/3 for value of supply of TDR as 1/3 is land. So in your example for GST payable for unbooked residential apartments should be lower of :
a) 1200 lakhs*60%*2/3*10/60*18%=14.4 lakhs or
b) affordable (5*45*2/3*1.5%)=2.25 lakhs + Other(5*55*2/3*7.5%)= 13.75 lakhs =2.25+13.75=16 lakhs
So lower will be 14.4 lakhs .
2) Since this project is REP commercial apts. rate is 12% after deduction of value of land of 1/3rd. So ITC will be available to builder only on TDR on commercial Apts paid under RCM . But here also ITC will be of no use as he cannot use it against GST of 5% and 1% payable against residential apartments but he can use against 12% collected from customers on commercial apts. sale. ITC WILL NOT be available to builder for unbooked residential apartments paid under RCM by Builder.
3) If project was RREP then comercial apts rate would be 5% on sale to customers. Hence ITC on RCM(as discussed in point 2) paid for commercial apts. would not have been able to be utilised against any output tax payable and hence would not be able to set off against. Alos refund is not possible of this ITC.
Sir please reply
One Stap Solution Thank Sir
Thank you sir, your videos are very helpful
Thank you. Very informative as regards jda on gst. This is usefull even for members.
Very good explanation thank you sir
Nice video thanks sir
Excellent explanation 👌 👏 sir,
Thanks for Very informative vedio sir nice
Very nicely explained sir.
Please do a new video with more examples. ❤
Great sir 👍👍
Great explanation sir.....helpful for those who want to learn GST beyond exams purpose
Thanks. Keep sharing!
Amazing video. Thanks
no words for your way of explanation sir
Great sir
very nice detailed explanation
.. thanks for your kind efforts . God bless
Sir really appreciate your efforts
This video is so satisfying you covered each and every aspect which made my concepts more clear
Thank you so much
Thanks, Vinita. If even so, you have any doubt feel free to ask or join our WhatsApp Group: bit.ly/gstbymm
informative video .... On lighter side, pronounciation of land is funny....😂
Thanks a lot sir🙏🙏
शानदार
Very much informative and helpful video, frankly speaking I couldn't get so much clarity after attending the ICAI's webinar what I got here, Thank you Mishraji for your efforts.
I have few queries regarding the subject, kindly enlighten the same:
1. If the landowner does not want to sell the Units (which he would get as his share as per the JDA) before completion, i.e., he is not into the same line of business but due to some circumstances he has to sell the under constructed units to some outsider. In that case, whether he will be covered under T-4 & has to obtain GSTIN?
2. In the same situation as mentioned above, if he sells his share to co-owner instead of outsider, whether he will be covered under T-4 & has to obtain GSTIN?
3. At the time of filing GST Returns of a Builder, whether Effective GST % would be reported or the Notified %?
One recommendation - if you also make a video on Income Tax & TDS applicability on Real Estate / JDA transactions, that will be great.
Thanks once again!
1. The definition of "business" under GST is very wide and controversial. Even if he/she has to sell due to "some circumstances", it will be considered as a business and will get covered under T4. As definitely the turnover will exceed 20 lakhs easily, they have to take GSTIN.
2. Yes, it doesn't matter who is the recipient.
3. Notified Rate.
@@mmforyou Thank you so much
Good class and explanation.
Out standing lecture
awsome sir, exemption of Rs 600 lack calculated but where it is deducted or benifit of this exemption where taken i could not under stand, rest i got very well. Sir you have made it very easy.
Excellent explanation
Thank you so much sir
Amazing experience to watch this video..👏👏👏
Wonderful Sir.
Aap ayse hi PRACTICALLY GST samjhate rahiye...
You have potential to be a Great Teacher 🙏👍.
The whole explanation was very much helpful, I only have one question as to were under the notification is it written about TOS for TDR transfer for Money + commercial seperately.
Notification No. 06/2019-Central Tax (Rate)
Thank you Sir, Great explanation, pura concept clear ho gaya 😊
superb
very nice explanation sir
excellent Mishra ji
Very well explained
Thanks sir ji
Thanks
Thanks🙏
Great job sir
Great video 👍👍
Sir Please Class GST on Gems and Diamond. Jaise aapne GST on Real Estate Btaya hai waise hi thoda Gems and Diamond pr bhi
sure but will take time...
Watch from kerala. 👍
Nice explanation.
excellent delivery of concepts
Great
Nice 👍
Yes
Excellent 👌
Very nicely explained.. Thank you
Beautifully covered... Waiting for more such content🙏😍
Lajawaaaaaaaaaaaabbbb
Thanks & Regards
CA Gourav Jalan