How do I get GST paid receipt?

1. Step 1: Visit the GST portal. Fortunately, you need not log in to track payments. On the homepage of the GST portal, go to services.
2. Step 2: Enter the details of your Central GST number and the common PIN. Further, the status will show you if it’s paid or not paid.
3. If it shows as paid, you can download the receipt.

How do I check my GST balance?

The taxpayer shall use the following procedure for viewing Provisional Credit Balance:

1. Step 1: Log in to the Portal. The taxpayer has to login to the official GST Portal.
2. Step 2: Enter the Details.
3. Step 3: Click Electronic Credit Ledger.
4. Step 4: Click Provisional Credit Balance.
5. Step 5: Click Save.

How is GST calculated for ITC?

Assume you have a business and the GST you have to pay is 18\% on the raw material purchased. The cost of the raw is INR100, so the tax paid will be 18 which needs to be paid by the manufacturer….Relevant return filled with GST to claim ITC: –

What is the GST on construction?

2017, GST will be levied @12\%(effective rate). The builder will be able to take credit Of ITC available.

What is the GST rate for under-construction houses?

On 1st July 2017, the GST law comes into force across the country. The Goods and Services Tax (GST) Council in the 34th meeting has reduced the GST rate on 19th March 2019 on under-construction houses. For flats rated more than Rs 45 lakh, the new GST rate applicable from April 1, 2019, stands at 5\%, against 12\% currently.

How to collect GST receipt of flats under construction?

To collect GST receipt of flats under construction after implementation of GST, you can contact your seller and get your receipt for GST, which should have been charged at 18\%. However, since it will be charged only for two-third of the sale price, effectively the tax rate shall be 12\%.

What is the GST and how does it affect your project?

Before the GST came into force, a variety of state and central taxes were imposed on buildings, through the course of the construction of a housing project. While these taxes increased the cost of project development for developers, no credit against this tax was available to the builders against the output liability.

Are builders charging more GST on sale consideration?

However, builders started charging more amount as sale consideration just by comparing the headline rate of 12\% GST with 6.5\% (4\% service tax and 2\% VAT) in the pre GST regime.