08 January 2023
I have joined with an infrastructure company recently. This company is engaged in developing of land after development of basic facilities like installation of Water Tank, Sewerage, making roads and parks etc. My queries are as follows: - 1. Our final product Land Sale are leviable of GST or not? 2. For development works we are procuring materials like – Sand, Bajri, Stones, Cement, Saria, Paints etc by payment of GST. 3. These above materials input can be claimed or not (i.e., GST Refund can be claimed)? 4. Sometimes, we are procuring materials from unregistered dealers- Reverse Charge to be paid or not. (Presently Reverse Charge are payable on Freight & Professional Charges).
Please settle the above queries’ as soon as possible. Regards, M.K.Mandal