GST on BUILDER'S
K CHANDRAKAR (dy mgr accounts) (49 Points)
23 May 2017
please clarify the impact of GST on BUILDER'S.... earlier there was abatement now what?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 23 May 2017
Yes, no abatement, but you can take input supply credits which was not allowed in abatement. So, finally tax burden may reduce at 12% GST.
K CHANDRAKAR
(dy mgr accounts)
(49 Points)
Replied 24 May 2017
if I have constructed 200 flats out of which 180 booked and client paid 65% amount and we paid ST on that amount. now what happened to that balance 35% how GST will applicable, and how can I take ITC on which bills all bills or which bill we can take ITC??
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