GST ON BUILDERS DEVELOPERS

This query is : Resolved

Raghavendra (Querist)
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20 October 2022 Dear Experts,
How to calculate GST for below mentioned Transactions:

Sale of Flats Rs. 2,50,00,000/- including GST@5% (Builders Share)

1)Purchase with GST : Rs.65,00,000/-
2)Purchases without GST : Rs. 85,00,000/-
Rs. 35,00,000/- @ 5%
Rs. 50,00,000/- @ 18%
3) Labour Payment : 35,00,000/-
3) Indirect Expenses without GST : Rs.15,00,000/-

Land : 50% land owner (JD) plus 50 Own Land (4800+4800 Sqft)

Kindly suggest how to calculate GST?

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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07 July 2024 The GST calculation for the sale of flats (builder's share) is approximately Rs. 11,90,476.19. For purchases with GST, the GST amount is Rs. 9,83,050.85. For purchases without GST, the total GST is Rs. 1,75,000 + Rs. 9,00,000 = Rs. 10,75,000. Labour payments do not attract GST unless specified. Indirect expenses without GST do not attract GST.