06 June 2022
Kindly advise GST liability in the following circumstances :
1. Builder wants to construct and sell residential flats in non metropolitan city measuring about 80 Sq. Mtrs. Sales price Rs.42 Lacs apx. including land
2. Above 90 Sq. Mtrs. value Rs.50 Lacs apx. including land
3. Only construction charges to be paid to contractor.
4. Consolidated contract for Material and labour with contractor for construction of residential house/flat total amount to be paid 70 lacs.
CAclubindia
