builders are claiming 18% of GST
I understand builders are claiming 18% of GST on contracted rate and not talking about ICT or any discount. I am requesting our circle to through light on this aspect to enable many people to understand reality and get benefited. more
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Everybody talks about people collecting GST @ wahtever percentage, even after collecting Income Tax what are people not protesting on this Gangster Surcharge Tax that has paved a way for corruption! more
May 12
it is a confusion: there are various services builders are taking at the time construction, but there is no composite rate of final billing, THIS IS WHAT I UNDERSTAND more
May 11
Rate is 18% for those who buy Flats, with Land Registered after GST was introduced in July 2017. Eg. A. Selling Price of a Flat in a particular Area is Rs 9000/- per sq. ft. with GST @ 12 %. Land is registered before July 2017, no credit for land. Price is 1080/- Another selling, in a similar area with same facility should be Rs 8545/- plus 18% where the builder will take Credit of Land, material n service bought. Price is Rs 1083/- About same Buyer has to Judge is it the Right Bargain for purchase. In case the Builder is taking Rs 9000/- he is got a good bargain but it can not be called Profiteering. Builder's Price Bargain, leave it or take it Buyer's Choice. Just Check the Date of Registeration of the Land Deed. I am also fighting for I was paying 4.5% n builder is demanding 12 %. I am demanding 7.5% equivalent reduction. Rs 100 means 104.5 should read as 93.3 means 104.496 There should be a strong Anti Profiteering Act since the Builder is taking double Tax. Good Luck to what U R thinking Swatch Bharat, Swatch Sharir, Swatch mann will happen. more
May 11
