Itc to builders

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2018 Respected Sir,

Pls clarify the GST Rate on under construction property : Normal and CLSS Both...

Also, clarify that whether the excess credit during the month can be carried forward to the next month ??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 March 2018 Normal including land cost 12% and 8% GST on CLSS.
Excess credit can be carried over to next month.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2018 Thanks Sir... But do I need to mention anywhere that the services are for property under CLSS...

or directly pay 8% and carry forward the excess credit to next month....

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 March 2018 File GST return selecting applicable SAC code.

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2018 Ok... Thank u sir...

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2018 Sir,

But there is no column of 8 % in GSTR 1... where would I put CGST and IGST of the same...

Querist : Anonymous

Querist : Anonymous (Querist)