Login / Signup Show Tiles Close

Mayur Bhawar

GST on Under Construction home

Hello Friends, I am buying my first home in Pune which is under construction. Builder is charging 12% GST on Agreement Value. I am eligible for 8%GST as per CLSS scheme for MIG-2 category. Can I ask builder to revised cost sheet as he is insisting to complete Registration asap? What if builder does not agree to charge GST at 8%? Please assist as it seems like no one has clarity on this rule. more  

AgreementCost___20181109060557___.jpg
Viewed by 601
View all 8 comments Below 8 comments
Ravinder Goyal
The matter regarding "affordable housing" Can be got clarified from the 'Town and Country Planning department.. more  
MADHUKAR SHETH
Mr.Mathur, GST is chargeable on incomplete flats. more  
Job Xavier
We have a GST number for our one year old firm. As there was no business transaction, we did not remit any GST. We are now told that there is a penalty for not sending a nil form- sounds pretty vague when we did not send a return as there were no transactions. NOW WE HAVE RECEIVED A NOTICE FROM THE GOVT. MENTIONING THAT OUR GST LICENSE WILL BE CANCELLED in December. We are totally confused by these rules as we actually hope to get orders soon and will need a GST number which was already furnished to our bank and other authorities. Any advice will be welcome. Job Xavier 98923 29188 more  
Channabasaveshwar Topagi (ACCOUNTANT AND GST PRACTITIONER)
Job Xavier ji, GST Act and Rules Require you to file the Monthly Returns in form 3B even if you have no business. Hence, the notice issued by the Govt.hold good correct in respect of late filing levies / fees. But, in Nil return Cases, late filing fees are very less compared to with Transaction cases. more  
Srinivasa Murthy N S
No one can get away charging higher percentage of GST. Get your clarification properly from an authorised GST consultant. more  
Ravinder Goyal
Sir, you are eligible for concessional GDT of 8% only if the project in which you are buying is declared "affordable housing" by the government. If it hasn't been declared as such then GST of12% is leviable. more  
Mayur Bhawar (HomeBuyer-GST)
Thanks for reply. How I will know whether project is declared 'affordable housing' by the government? more  
View 8 more comment(s)
Post a Comment

Related Posts

    • Corruption in GST

      GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .

      By Rajeev Bhargava
      /
    • Taxation is hell

      Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...

      By Naina Mittal
      /
    • Corruption in gst

      According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...

      By Naina Mittal
      /
    • Is there a GST bribe rate card now

      You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...

      By Naina Mittal
      /
    • GST cancellation

      Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...

      By Naina Mittal
      /
    • 7 years of GST

      7

      By Sudesh Rai
      /
    • Small Business and cost of compliance

      My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...

      By Sudesh Rai
      /
    • Does GST benefit rich

      Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...

      By Sudesh Rai
      /
    • Wrong public priorities

      Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...

      By Sudesh Rai
      /
    • Why is GST council losing it in a hurry

      The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...

      By Rohit Garg
      /
    • GST rates need rethink

      Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...

      By Ruchika L Maheshwari
      /
Share
WhatsApp
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

हिन्दी About Us Citizen Pulse News Trending Team Career Privacy Policy Sitemap Contact Us
© LocalCircles 2024 FB Link Twitter Link
All My Circles
Invite to
(Maximum 500 email ids allowed.)
Send