A BUILDER WHO IS CONSTRUCTING RESIDENTIAL FLATS AND SELLS. HE HAS OBTAINED COMPLETION CERTIFICATE FOR THESE FLATS AND NEED NOT TO CHARGE GST ON SELL OF FLATS. MY QUESTION IS, IN GSTR3B AND GSTR1 HOW WILL WE SHOW THIS SELL AMOUNT?
PLEASE GUIDE
5 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 16 July 2020
GSTR3B - outward supply - Non GST Supply as cover by Schedule III.
GSTR under column no 8 . Nil-rated, exempt and non-GST outward supplies
GSTR under column no 8 . Nil-rated, exempt and non-GST outward supplies
NISHANT SHAH
(Tax Practioner)
(235 Points)
Replied 16 July 2020
SIR AS PER SCHEDULE III ITS NON SUPPLY. NOT NON GST SUPPLY.
PLEASE GUIDE.
annu Goyal
(1102 Points)
Replied 22 July 2020
On sale of flat, no Gst will charge as entry lies under Sch-III, As it is not supply then it will not be consider as Non GST supply
No entry will made in Gstr3b
No entry will made in Gstr3b
NISHANT SHAH
(Tax Practioner)
(235 Points)
Replied 23 July 2020
THANK YOU
I WANT TO KNOW THAT WHERE WILL WE SHOW IT IN GSTR1 OR GSTR9
REGARDS
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