Construction Company
Date of Booking - 01/04/2015 for Rs. 100 Lakh
Amount Received on 15/12/16 Rs. 25 Lakh
Balance to be received on December 2017
What is Amount of GST is Charged ?
Construction Company
Date of Booking - 01/04/2015 for Rs. 100 Lakh
Amount Received on 15/12/16 Rs. 25 Lakh
Balance to be received on December 2017
What is Amount of GST is Charged ?
what is the date of completion of service...?
Also look into the matter that Construction Company has provided Flats for ready to sale i.e OC is already there. If OC is not there then the balance payment would be taxable as per GST ACT. I have assumed that OC is not there and the amount of GST would be 1350000.i.e. 7500000*18%
CAclubindia
