Query on Works Contract service
sathya kumar s (AUDIT STAFF) (183 Points)
13 November 2021Is he need to charge GST on Invoice if he sells it after completion ?
What about availing ITC if sold if sold under construction/post completion.?
sathya kumar s (AUDIT STAFF) (183 Points)
13 November 2021
CA Aakarsh Jain
(CA)
(10362 Points)
Replied 13 November 2021
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 13 November 2021
If sold before completion or any money received before completion then GST payable on the whole amount. If the first money received is after completion or its is sold after completion then there is no GST.
ITC is not available.
sathya kumar s
(AUDIT STAFF)
(183 Points)
Replied 13 November 2021
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)