Guidelines

Can I get a GST paid receipt from a builder?

Can I get a GST paid receipt from a builder?

builder will be liable to give you its GST invoice, without a GST invoice builder can’t take Gst from you. You will need to ask the Builder for break-up of demanded amount (Principle Amount and GST amount), BEFORE you make any payments, ELSE builder would subsequently demand extra GST amount.

How do I know if my builder has paid GST or not?

Steps to track GST payment status online before logging

  1. Step 1- Go to the GST portal.
  2. Step 2- Enter in your GSTIN and the CPIN.
  3. Step 3- The status of the challan gets displayed for your further action.
  4. Case 1: If status is displayed as ‘PAID’
  5. Case 2: If status is displayed as ‘NOT PAID’.
  6. Step 1- Login to the GST portal.

Who pays GST on flat purchase?

Flat owners are liable to pay 18\% GST on residential property, if they pay at least Rs 7,500 as maintenance charge to their housing society. Housing societies or residents’ welfare associations (RWAs) that collect Rs 7,500 per month per flat, also have to pay 18\% tax on the entire amount.

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Who has to pay GST builder or owner?

1) Sale of Rights in land by Land Owner to developer. 2) Construction Service provided by developer to Land Owner. So, you are liable to pay GST to builder. Further as per GST Law, if an immovable property is sold before obtaining CC, then GST is leviable .

Can you claim GST on house purchase?

No, if under construction property is purchased then GST is leviable and it can not be claimed back. However if you purchase the property after being completed then there is no GST.

Can you claim GST on purchase of commercial property?

The good news for purchasers of commercial real estate is you are generally able to claim any GST included in the purchase price. As always, there are a few caveats to claiming GST credits: You must be registered for GST. You generally need to hold a tax invoice for the purchase.

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How do I download a GST certificate?

Step 1 – Login to GST Portal.

  1. Step 2 – Go to ‘Services’ > ‘User Services’ > ‘View/ Download Certificate.
  2. Step 3 – Click on the ‘Download’ icon.
  3. Step 4 – Open the downloaded PDF document and take a printout.

Can I claim GST paid on flat purchase?