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 ?
6 Replies
Nikhil Bhanushali
(CA Final)
(142 Points)
Replied 15 December 2017
what is the date of completion of service...?
Nikhil Bhanushali
(CA Final)
(142 Points)
Replied 15 December 2017
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%
SNDhawan Dhawan
(23 Points)
Replied 16 December 2017
maintenance charges of a flat Rs 1500 per month
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