GST BY BUILDER ON LAND AS WELL AS CONSTRUCTION CHARGES & IN CASH MODE ONLY
Builder has executed tri-partiate agreement and payments are made on work progress basis. He is taking payment payment in slab as agreed for Total amount (Full unit) But simulteniously he is also asking GST amount in Cash mode of payment on total amount paid. Is this valid under GST Law ? more
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Yes, for under construction site GST is applicable On and above the rate builder sold. GST can be paid by any mode. Must be issued Receipt for that. You can validate GSTN No in Govt web site. more
Sep 12
He is entitled to charge for GST only if he has mentioned it in the agreement and you have accepted it. Nothing not covered in your agreement is payable either in cash or cheque. more
Sep 09
All payments are exceeding Rs.10K are to be released by crossed cheques.GST (Central & State) applicable to be credited by E-Challan payment in the name concerned builder by obtaining his GST registration particulars. more
Sep 08
THE GST - CENTRAL & STATE CAN BE PAID THROUGH E- CHALLAN IN THE GST WEBSITE OR THE BANK. [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 4/2018-Central Tax (Rate) New Delhi, the 25th January, 2018 G.S.R......(E).- In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the following classes of registered persons, namely :- (a) registered persons who supply development rights to a developer, builder, construction company or any other registered person against consideration, wholly or partly, in the form of construction service of complex, building or civil structure; and (b) registered persons who supply construction service of complex, building or civil structure to supplier of development rights against consideration, wholly or partly, in the form of transfer of development rights, as the registered persons in whose case the liability to pay central tax on supply of the said services, on the consideration received in the form of construction service referred to in clause (a) above and in the form of development rights referred to in clause (b) above, shall arise at the time when the said developer, builder, construction company or any other registered person, as the case may be, transfers possession or the right in the constructed complex, building or civil structure, to the person supplying the development rights by entering into a conveyance deed or similar instrument (for example allotment letter). [F. No.354/13/2018 -TRU] more
Sep 06
Absolutely NOT. First and foremost pl. ensure the Project is registered with RERA. All Govt. Payments preferred to be paid by Cross Cheque. In favor of the Party in the Agreement. Advisable, pay only by Cheque in the name of the Builder/Developer as the land owner will not come in the picture even if he is one of the party as he had already parted his right to Builder more
Sep 06
