Detail guide on GST provisions for construction and real estate by Advocate Puneet Agrawal
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- เผยแพร่เมื่อ 30 เม.ย. 2018
- In this video Advocate, Puneet Agrawal ji discuss the GST provisions related to real estate and construction.
Watch this video for
GST on construction
GST for real estate
GST for works contract
GST for developers
GST in India
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DISCLAIMER ********
This video is mere a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
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Awesome explanation.... Thank u consultease for bringing in such wonderful speaker....
Thank u sir, very valuable information.
This is very useful and important rule which conveyed us, Thanks.
Sir such a wonderful video...
Very well explained
Absolute clarity in concepts
Thanku sir for very clearly explained
Thanks Sir, This video is very important to understand GST on builders. Thanks once again
Nice description sir, thank you
You can contact Mr. Puneet Aggarwal Ji at: 8800091636
Do you want to learn GST: Join our GST course. Click on link for details.
Click here... www.consultease.com/gst-course-webinar/
sir good explain and best information.
Very Informative and so easily explained.👍
Puneet bhai very NC video on a vital issue.
Plz guide me i hve one issue
What would be the gst rate for builder dealng in afforble housing where contrct for sale of land and constructn of buildng hve been exceutive seperatly
Thanks sir easiest explanation 🙏🙏🙏🙏🙏
Hi Puneet sir,
I love your video because u clear everything in detail.
I am also working in real estate company.
And know accounting very well.
But I want to more knowledge about this field.
So can u share full video that how to take input credit and which input credit can take or which cannot.
Nice explained.. thanks
Good Topic, Sir please guide us builder how to file GST return and how to maintain books of accounts, please help.
gr8..explanation...
It's awesome sir IMPORTANT points explained by you
Sir ,
Mene builder ko advance payment part part me Diya tha or building Ka completion certificate isshu hua he after 01/04/2019 or agreement Jo he vo 01/04/2019 me bad Bana he to muje gst lagega kya??
Hi sir
Whether Gst is to be charged on EDC/IDC charges. Please explain
Thanks
Excellent described
Nicely covered the issue
Wonderful information
Thanks @team_consultease
Sir will GST applicable on UDS sale...??? In UDS transaction builder charging Land n Flat sale separately.
Sir, What do you mean by first occupation ..If out of woo flats only one is completed and occupied
Nice video...........helped me a lot.............thanks :)
very good information, sir, I have done builder / buyer aggreement charging gst at 4.5% from builder side can a builder change the gst rate in between. pls guide.
Very informative 😊
Sundar explanation sir
Excellent topic, sir please let me know if completion certificate is availed for row houses can be exempted from Gst on their
Sale.
This describes experts are always experts
Puneet ji you have done a great job,
But it arises a question if someone had booked a flat before gst
and got possession after gst
what tax will consumer have to bear service tax / gst or both and in which ratio..
govt works contract main kis tarah gstr 3b file hoga and sales invoice
What will the implications if partly constructed building got 1st occupancy?
For example if G+4 storied building was being constructed and 1st floorr and ground floor was prepared and sold out, so is gst applicable or not.
Can u send document copy regarding exemption in GST after first occupation without completion certificate in commercial building.
Sir... Is work contract business comes under composition scheme??
Sir, , whether gst is applicable on legally charges to be paid.
Thank u sir
Thanks Sir, It's very useful video
Sir, I had a query regarding if there is some difference in the Law between commercial construction like Shops and Godown, and Residential Property ??
Is the same clause is applicable in both the cases ??
Is abatement for post booking also available in commercial construction also for post booking ??
Nice explanation sir 👌
[30/10 10:42 am] : One my question -- dealer filed tran-1 but now not adjustable , can it reverted back , any solution plzz
[30/10 10:42 am] : Pur. 18 % and sales 12% cycle parts
Thanks ! Bhai, pahli bar kisi bhai ka video dekha hoon jo mere kaam ka laga aur samjh men aaya. Dhanywad phir se !
GST practitioner hoon, Accounts men 13*2=8 hoon. Kuchh Accounts ke bare men bataiye wakeel ki view se ho, na ki ca ya accountant ke view se. Dhanyawad !
Advocate Sanjeeva Sinha
Extraordinary
Ye unit wise dekha jayega ya entire project par?
Kindly clear , when a person engaged in purchase & selling of flats/residential house than whether he s eligible to collect GST or Not?
Thanks for valuable information. I just have a doubt when Builder buy materials, he pay gst to suppliers according to type of material. Again he is taking gst 18% from flat buyer and giving to govt. Is it double gst. Kindly explain
Plz share the exemption notification of leasehold land.....
Hello sir I am going to buy flat which was completed two years ago but it is under builder name and builder had given rent to other person now I am going to buy that flat so GST is applicable 9n that flat
SIR PLEASE RESOLVED MY PROBLEM IN REGADING OF SAND , STONE ETS PURCHASES FROM UNREGISTER SUPPLIER OR FROM MINES AND SUPPLIES TO BUILDERS OR BIG PROJECTS LIKE HIGHWAY AND COMPLEXES, SOCIETY.
Sir one small doubt
A is land owner B is a builder. A owns land. under a Development Agreement, B builds 8 flats on plot owned by A. In turn, he hands over 3 flats to A. Now, B starts accepting advances as Flat Booking Advance and became liable for GST. Now, my question is what are the implications in case of A who neither incurred a rupee for construction nor eligible for any ITC?
Hello Sir, thanks for such a informative video. Can you please share relevant sections, notifications, judgments on the subject matter. That will be so nice of you.
Sir meri sale thi flat ki completion certificate milne ke baad payment mila tha usko mene non gst supply me dikhaya hai portal par. Is that correct??pls reply
Builder ko aj satup milta hai ke nahi
Sir mene 2017 me Flate purchase kiya tya jo under construction me tha muje builder ne dastavej par GST 9% lagaya he muje 95000 GST charg deni hogi lekin march me GST news aya tha to ab muje GST charg Kitna dena hoga sir
sir please explain with a live video that how a gov contractor can file gst be specific and to the point
works contract me purchase pe itc nahi milta hai so hme purchase ko kese dikhaye
Hello ,mene abhi hal hi me naya flet liya he bulder gst chage kar raha he mera ek business bhi he uska gst number liya he to jo gst mene bulder ko pay kiya he wo business me credit mil sakta he
Nicely explain, just question that if any building is under construction, flat which not sale by builder when gst is payable or paid by builder for that flat?
And when any flat sale by the builder at the time of under construction when gst is payable by builder before possession or at the time of possession?
Thanks
Good Question sir...
Mera bhi yahi doubt hai plz ans it sir...
Sir
I booked a flat in 2018.and pay 2 lakh booking amount.
But builder cancelled that flat.and asked to refund or take another flat. I agreed another flat. In affordable housing. Flat value 20lakh.
My agreement done in 2020. I full flat amount paid time to time till 2023.
Now builder asking gst charges 8 percent.
From 2019 gst become 1percent.
So please advice which slab gst I will pay to builder.
thanks for knowledgeable video. can you provide video on gst on services provided by contractor to local authority ??? thanks in advance..
How to claim refund of service tax paid by builder earlier in GST regime now?
SIR, PLEASE UPLOAD VIDEOS FOR GST SECTIONS , RULES AND PROVISIONS.
I LIKE YOUR VIDEO AND RECEIVED MORE KNOWLEDGE
Girissh
Hello sir.
Sir maine 2 bhk flat feb 2018 me purchase kiya hai.@ 12% gst ke hisab se.agreement registered bhi huva hai.or maine 5 installment bhi pay kar diya hoo as per 12% gst.with principal amount.
Ab new rule aaya hai 5% GST ka from 1st april 2019 se.
Ab mujhe GST ......kitna pay karna hoga.5% gst ya 12% gst .
Builder 12% demand kar raha hai.
Please suggest me...
Can you please explain whether contractor giving works contract services to builder having houses of below & also more than 60 square meters. Whether contractor collect GST 12% or 18%.
Builder forcing to bill at 12%.
Please
Make an updated Video considering amendments in relevant provisions
Many have asked for clarification on affordable housing rate of GST. In their comments. But you are not giving any clarification!
Badiya
Sir completion certificate kahan se milta hai? Ye certificate kya hai?
Now i paid 18% GST while buying a plot
Explanation is required in case of unregistered Developer. Generally they charged additional 5% over sales price and collected from buyer. Can they do so?
pls. illustration requires on joint venture project.
Sir also give some info about work contracts govt as well as non govt.
If out of 100 flats one is completed and occupied will all other flats be out of GST?
Very nice sir👍
Sir
Kindly explain the GST law after 1.4.2019
Sir, very nicely explained.
Please record a video on works contract supplies input tax credit according Section 17(5).
Hi,
I am Tejpal
I have worked at work contract
Please provide me gst rate
Good
Sir, your video is good. I have purchased flat at kolkata @ 38 lacs. How much GST i have liable to pay.
Sir, interest is out of scope of GSt
Civil contractor or 5 rate gst hair kya
Sir, I booked a flat on March 2017(pre-Gst) with total consideration of Rs 52 lakh. I paid amount of Rs 10 lakh during agreements of sale(on March 17). Balance Rs 42 lakh got sanctioned by bank on sep17 & paid to builder.
Question: I have not got positions of flat till yet as it is under completion. Now builder is asking for GST amount from me. Shall I need to pay Gst as it is booked in per-gst era ?
Actually builder is liable to pay GST
Hence, you are also liable to pay GST
अगर मैने मेरा प्लाॅट devlopment के लीये दीया और उस devlopment मे मुझे चार फ्लॅट मीले तो मुझे उण फ्लॅटका GST देना पडेगा क्या?
Wonderful explanation... i am a builder.. i have some doubt ..How should i proceed
sir if a builder is building single house and selling it after completion then whether GST will be charged or not. as per ur video it is ready to move property and GST should not be charged. pls guide.
pls take 2nd case too under which builder has taken advance of 10% from buyer.
Sir, GPA bali property par bhi ek video banaye please,
Sir I am a Works Contractor.How can I do Interstate works contract without getting registered in that particular state? Kindly tell d treatment for raising invoice n setting of ITC for inputs in above situation?
Sir ! how to apply Pradhan Mantri Awas Yojana (PMAY) in case of builder ?
1. How to give benefit under PMAY scheme to flat purchaser by the builder ?
2. How to show the outward supply in GSTR-3B & GSTR-1 of PMAY scheme transactions ?
CAN YOU HELP ME IN GETTING ANY NOTIFICATION WHICH SAYS COMPLITION CERTIFICATE IS REQUIRED OR AN ONE OCCUPATION OF UNIT IS GIVEN BUT IF COMPLITION CERTIFICATE IS NOT THERE THEN GST HAS TO PAY
Mam read schedule II you will understand
Affordable house and non affordable house wala concept kab lagega ie. 1 % or 5 %
Gst avi ghata kor kita hua from aug 2019
principle of composite contact apply on PLC
sir chages 12% hai ya 8% ...
kyu ki pahele mai ne dikha tha ki 8% lage ga kar k
0%
Govt.contract pe 12% gst apply he or agar hum cement kharide to 28% gst apply hota he...Jo tolerance he wo humare gst account pe jama hoga but kya ye cash milta he ?
NO ,
Maine under construction flat book Kiya tha Jan 2016 and uska possession hai may 2019.
Toh iss situation Mai mujhe GST kab tak pay karna hai? Yani under construction to possession tak hi OR till whole EMI get paid of flat i.e till 15 year
i am practising CA in the field of GST, so you may call me on my cell 9924195661.
sir aapka consultation charges kya hai
Hi I want to buy under construction proper half of the work completed and after 1 yr possession will receive.
Just want to know what % will be the gst & stump duty (mumbai) I hv to pay.
Stamp duty onAgreement amount
GST on 2/3 of Agreement Value
GST provisions for construction and real estate Letes Video dt.
सर बिल्डिंग कम्प्लीट होने के बाद विदाऊट कम्प्लिशन रेट पे दिया. और वह रेंट एग्रीमेंट बाद में सेलिंग के वक्त दिखाया तो जीएसटी कमर्शियल बिल्डिंग में लँड ओनर को सेल करने के लिए नही लगेगा क्या. यह बहुत बडा कन्फ्युजन है
Very well explained. How can I contact you?