Gst Rate On Sale Of Constructed Building
What is the rate of tax on sale of a constructed building? How much ITC is available to seller?
Comments:
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly is taxed at 12% with full Input Credit of Tax. However in case ITC is more than output tax liability refund will not be given.
The value of land is included in the amount charged from the service recipient.
Comments:
Did not get an answer?
Ask your Question
You need to be logged in to answer.
Top Members
Related Questions
- API Response Time
- billing saving issue
- Reconciliation 3B with
- Gstr .4 composite return
- GST on Custom Milling Protsahan Rashi
- why does the gst reg. gets rejected
- Invoicing for removal of periodical scrap items - mixed
- Agent not Giving GST user & Password, he registered with some another ID
- Is GST required for freelance consultants billing below 20L
- Gstp exam
Related Articles
- Know all about Tax Collected at Source (TCS) for e-commerce sector in GST
- Top 5 GST Softwares
- GST Returns Sahaj and Sugam
- Place of Supply of goods under GST
- GST Eway bill Compile error in Hidden module sheet 3 and date format error solved
- API for getting GSTIN Details, Validate GST number
- GSP and ASP model of GSTN is injustice with startups and small businesses
- GST helpline customer care and contact number
- E-way bill in case of Bill to Ship to transactions
- Basic E-way rules and FAQ
Never File Wrong GSTR-1
Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.
Used by
