Detail guide on GST provisions for construction and real estate by Advocate Puneet Agrawal

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In this video Advocate, Puneet Agrawal ji discuss the GST provisions related to real estate and construction.
Watch this video for
GST on construction
GST for real estate
GST for works contract
GST for developers
GST in India
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This video is mere a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

Опубликовано:

20 сен 2024

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Комментарии : 140

@ConsultEase 5 лет назад

You can contact Mr. Puneet Aggarwal Ji at: 8800091636 Do you want to learn GST: Join our GST course. Click on link for details. Click here... www.consultease.com/gst-course-webinar/

@rajbolmal1300 6 лет назад

Awesome explanation.... Thank u consultease for bringing in such wonderful speaker....

@santoshgoyal3166 6 лет назад

Good Topic, Sir please guide us builder how to file GST return and how to maintain books of accounts, please help.

@bhagirathdhoot912 6 лет назад

Sir one small doubt A is land owner B is a builder. A owns land. under a Development Agreement, B builds 8 flats on plot owned by A. In turn, he hands over 3 flats to A. Now, B starts accepting advances as Flat Booking Advance and became liable for GST. Now, my question is what are the implications in case of A who neither incurred a rupee for construction nor eligible for any ITC?

@sureshmahajan6413 Год назад

Thanks Sir, This video is very important to understand GST on builders. Thanks once again

@anilkumarsahu6608 6 лет назад

Hi Puneet sir, I love your video because u clear everything in detail. I am also working in real estate company. And know accounting very well. But I want to more knowledge about this field. So can u share full video that how to take input credit and which input credit can take or which cannot.

@paresdas9764 3 года назад

Thanks sir easiest explanation 🙏🙏🙏🙏🙏

@nabendukrpurkayastha147 2 года назад

Many have asked for clarification on affordable housing rate of GST. In their comments. But you are not giving any clarification!

@advocatesanjeevasinha9026 6 лет назад

Thanks ! Bhai, pahli bar kisi bhai ka video dekha hoon jo mere kaam ka laga aur samjh men aaya. Dhanywad phir se ! GST practitioner hoon, Accounts men 13*2=8 hoon. Kuchh Accounts ke bare men bataiye wakeel ki view se ho, na ki ca ya accountant ke view se. Dhanyawad !

@mithileshkumar-jn8qc 6 лет назад

Advocate Sanjeeva Sinha

@user-tw9if4rt2x 6 лет назад

This is very useful and important rule which conveyed us, Thanks.

@cahimanshugandotra9635 5 лет назад

Sir such a wonderful video...

@keshavdua9553 6 лет назад

Puneet ji you have done a great job, But it arises a question if someone had booked a flat before gst and got possession after gst what tax will consumer have to bear service tax / gst or both and in which ratio..

@mukeshchadha8226 Год назад

Very Informative and so easily explained.👍

@kiranfernandes9046 6 лет назад

Thank u sir, very valuable information.

@MrVinilkrishna 3 года назад

This describes experts are always experts

@vilasrayte8574 6 лет назад

Nicely explain, just question that if any building is under construction, flat which not sale by builder when gst is payable or paid by builder for that flat? And when any flat sale by the builder at the time of under construction when gst is payable by builder before possession or at the time of possession? Thanks

@harshal6342 6 лет назад

Good Question sir... Mera bhi yahi doubt hai plz ans it sir...

@qaisahmed3024 3 месяца назад

What will the implications if partly constructed building got 1st occupancy? For example if G+4 storied building was being constructed and 1st floorr and ground floor was prepared and sold out, so is gst applicable or not.

@candysingham4814 Год назад

Hello Sir, thanks for such a informative video. Can you please share relevant sections, notifications, judgments on the subject matter. That will be so nice of you.

@aliahmedkhan636 5 лет назад

Kindly clear , when a person engaged in purchase & selling of flats/residential house than whether he s eligible to collect GST or Not?

@shaileshbhagat4050 6 лет назад

SIR PLEASE RESOLVED MY PROBLEM IN REGADING OF SAND , STONE ETS PURCHASES FROM UNREGISTER SUPPLIER OR FROM MINES AND SUPPLIES TO BUILDERS OR BIG PROJECTS LIKE HIGHWAY AND COMPLEXES, SOCIETY.

@jasvindersingh208 Год назад

Sir, GPA bali property par bhi ek video banaye please,

@hiteshranawat6851 5 лет назад

Thanku sir for very clearly explained

@rajvlogs5239 3 года назад

It's awesome sir IMPORTANT points explained by you

@biswajitnag910 3 года назад

Explanation is required in case of unregistered Developer. Generally they charged additional 5% over sales price and collected from buyer. Can they do so?

@jaikarantiwari2940 5 лет назад

very good information, sir, I have done builder / buyer aggreement charging gst at 4.5% from builder side can a builder change the gst rate in between. pls guide.

@MD-rz9og 4 месяца назад

Can u send document copy regarding exemption in GST after first occupation without completion certificate in commercial building.

@factsasia1860 6 лет назад

Puneet bhai very NC video on a vital issue.

@deependrasingh81 6 лет назад

Excellent topic, sir please let me know if completion certificate is availed for row houses can be exempted from Gst on their Sale.

@MD-rz9og 4 месяца назад

सर बिल्डिंग कम्प्लीट होने के बाद विदाऊट कम्प्लिशन रेट पे दिया. और वह रेंट एग्रीमेंट बाद में सेलिंग के वक्त दिखाया तो जीएसटी कमर्शियल बिल्डिंग में लँड ओनर को सेल करने के लिए नही लगेगा क्या. यह बहुत बडा कन्फ्युजन है

@tapashgoswami1693 Год назад

pls. illustration requires on joint venture project.

@drvijaybhartiyasingh9887 Год назад

Sundar explanation sir

@dhparmar2810 2 года назад

Extraordinary

@arifkat 5 лет назад

Thanks Sir, It's very useful video Sir, I had a query regarding if there is some difference in the Law between commercial construction like Shops and Godown, and Residential Property ?? Is the same clause is applicable in both the cases ?? Is abatement for post booking also available in commercial construction also for post booking ??

@advchetanshukla7741 5 лет назад

SIR, PLEASE UPLOAD VIDEOS FOR GST SECTIONS , RULES AND PROVISIONS. I LIKE YOUR VIDEO AND RECEIVED MORE KNOWLEDGE

@girisshshah3378 4 года назад

Girissh

@SK-yu5ey 2 года назад

Affordable house and non affordable house wala concept kab lagega ie. 1 % or 5 %

@anitabhadra 6 лет назад

Very well explained Absolute clarity in concepts

@successconstructioncompany3036 4 года назад

Thanks for valuable information. I just have a doubt when Builder buy materials, he pay gst to suppliers according to type of material. Again he is taking gst 18% from flat buyer and giving to govt. Is it double gst. Kindly explain

@shankarrizwani7538 3 года назад

Please Make an updated Video considering amendments in relevant provisions

@Santosh3083 2 месяца назад

Sir I booked a flat in 2018.and pay 2 lakh booking amount. But builder cancelled that flat.and asked to refund or take another flat. I agreed another flat. In affordable housing. Flat value 20lakh. My agreement done in 2020. I full flat amount paid time to time till 2023. Now builder asking gst charges 8 percent. From 2019 gst become 1percent. So please advice which slab gst I will pay to builder.

@RAM-ol1sx 3 года назад

Can you please explain whether contractor giving works contract services to builder having houses of below & also more than 60 square meters. Whether contractor collect GST 12% or 18%. Builder forcing to bill at 12%.

@anilbshinde1035 5 лет назад

अगर मैने मेरा प्लाॅट devlopment के लीये दीया और उस devlopment मे मुझे चार फ्लॅट मीले तो मुझे उण फ्लॅटका GST देना पडेगा क्या?

@pritiagsurana7977 8 месяцев назад

Ye unit wise dekha jayega ya entire project par?

@dineshjangir7576 6 лет назад

Sir, very nicely explained. Please record a video on works contract supplies input tax credit according Section 17(5).

@tejpalsaini460 6 лет назад

Hi, I am Tejpal

@tejpalsaini460 6 лет назад

I have worked at work contract Please provide me gst rate

@harry98319 5 лет назад

Plz share the exemption notification of leasehold land.....

@chingi840 2 года назад

Now i paid 18% GST while buying a plot

@mohitmkom Год назад

Very well explained. How can I contact you?

@iqbaldhanani3320 6 лет назад

Sir ! how to apply Pradhan Mantri Awas Yojana (PMAY) in case of builder ? 1. How to give benefit under PMAY scheme to flat purchaser by the builder ? 2. How to show the outward supply in GSTR-3B & GSTR-1 of PMAY scheme transactions ?

@ashokbabbar7943 2 года назад

Sir, , whether gst is applicable on legally charges to be paid.

@kamleshvaid503 3 года назад

Sir , Our Society is entering into DA with Developer Now they Suggested NO FINANCIAL TERMS WILL INCORPORATE LIKE RENT HARDSHIP , CORPUS , SHIFTING CHARGES etc. in Main Body of our DA to avoid Stamp Duty unnecessary but same will be appearing in PAAA where in individual Area , Floor Plan , Amenities , Rent , Corpus & Shifting allowance will be appeared and stamp duty will be paid on same so to avoid DOUBLE STAMP DUTY so let me know the effects in case any dispute comes in future between Developer & Society , should we adopt this Short Cut for the benefit of Developers , Are we Not COMPROMISE our Safety Advice

@deepdas9513 6 лет назад

Thanks @team_consultease

@rajendral.1553 5 лет назад

sir good explain and best information.

@ranjitsahu2452 6 лет назад

Sir, I booked a flat on March 2017(pre-Gst) with total consideration of Rs 52 lakh. I paid amount of Rs 10 lakh during agreements of sale(on March 17). Balance Rs 42 lakh got sanctioned by bank on sep17 & paid to builder. Question: I have not got positions of flat till yet as it is under completion. Now builder is asking for GST amount from me. Shall I need to pay Gst as it is booked in per-gst era ?

@puttasreedharreddy9067 5 лет назад

Actually builder is liable to pay GST Hence, you are also liable to pay GST

@msgosai6491 7 месяцев назад

Thankyou sir

@puneetbhatia4430 6 лет назад

sir please explain with a live video that how a gov contractor can file gst be specific and to the point

@lalitrathi3361 5 лет назад

Wonderful explanation... i am a builder.. i have some doubt ..How should i proceed

@ajaypoddar6346 5 лет назад

Nice description sir, thank you

@sachinkhartode6445 4 года назад

क्या बिल्डिंग पुरी होणे से पहले 1-2 बुकींग करणे से कस्टमर को GST देना होगा? और ओ कितना % होगा?

@gauravsonar9847 3 года назад

maine flat book kiya hai underconstrution maine 10lakh ka cheque diya tab builder bola 10lakh pe gst 5% apko dena hoga cheque bol raha hai

@dhparmar2810 2 года назад

Thank u sir

@sarveshrajput234 5 лет назад

Nicely covered the issue

@sunnynarang8318 6 лет назад

thanks for knowledgeable video. can you provide video on gst on services provided by contractor to local authority ??? thanks in advance..

@rajeshmalhotra9392 6 лет назад

Sir, What do you mean by first occupation ..If out of woo flats only one is completed and occupied

@ankandutta7902 5 лет назад

Sir, your video is good. I have purchased flat at kolkata @ 38 lacs. How much GST i have liable to pay.

@rajeshmalhotra9392 6 лет назад

If out of 100 flats one is completed and occupied will all other flats be out of GST?

@MD-rz9og 4 месяца назад

आपका नंबर शेअर करे. डेव्हलपमेंट एग्रीमेंट जॉब बिल्डर बनाता है तब कमर्शियल बिल्डिंग के लिए लँड ओनर के हिस्से का प्रॉपर्टी व्हॅल्युएशन पे जीएसटी भरणा डेव्हलपर के लिए अनिवार्य है क्या. फर्स्ट ऑक्युपेशन के बाद जीएसटी कैसे कॅन्सल होता है

@pawank0202 5 лет назад

[30/10 10:42 am] : One my question -- dealer filed tran-1 but now not adjustable , can it reverted back , any solution plzz [30/10 10:42 am] : Pur. 18 % and sales 12% cycle parts

@poojachhajer8426 4 года назад

Plz guide me i hve one issue What would be the gst rate for builder dealng in afforble housing where contrct for sale of land and constructn of buildng hve been exceutive seperatly

@srivastavaanchal4019 4 года назад

Sir jo Jamin ka kharid bikri ka Kam karta hai uska GST charge kya hoga puri detail se bataye

@mannanpatel4182 Год назад

Builder ko aj satup milta hai ke nahi

@pankajchugh4352 6 лет назад

Hi sir Whether Gst is to be charged on EDC/IDC charges. Please explain Thanks

@capiyushsant1264 6 лет назад

Sir also give some info about work contracts govt as well as non govt.

@efilingservicesassociates9185 6 лет назад

Sir completion certificate kahan se milta hai? Ye certificate kya hai?

@jillu7914 6 лет назад

Sir will GST applicable on UDS sale...??? In UDS transaction builder charging Land n Flat sale separately.

@candysingham4814 Год назад

Sir, interest is out of scope of GSt

@rohitjain2154 6 лет назад

Sir I am a Works Contractor.How can I do Interstate works contract without getting registered in that particular state? Kindly tell d treatment for raising invoice n setting of ITC for inputs in above situation?

@deepakvats7636 5 лет назад

Nice explained.. thanks

@wasimsharif3940 6 лет назад

Excellent described

@sampathnine 6 лет назад

Hello sir I am going to buy flat which was completed two years ago but it is under builder name and builder had given rent to other person now I am going to buy that flat so GST is applicable 9n that flat

@dadaraotangade7457 2 года назад

Good

@vipulkumarpatel4261 6 лет назад

GST provisions for construction and real estate Letes Video dt.

@ca.naveenjain7839 6 лет назад

Nice video...........helped me a lot.............thanks :)

@MDJAVED-ru5jg 5 лет назад

Sir... Is work contract business comes under composition scheme??

@pradeeptarage4514 6 лет назад

How to claim refund of service tax paid by builder earlier in GST regime now?

@krishna7aggrawal 5 лет назад

gr8..explanation...

@rudraclub5427 4 года назад

Nice explanation sir 👌

@inaytullahbhorania4962 5 лет назад

Hello sir. Sir maine 2 bhk flat feb 2018 me purchase kiya hai.@ 12% gst ke hisab se.agreement registered bhi huva hai.or maine 5 installment bhi pay kar diya hoo as per 12% gst.with principal amount. Ab new rule aaya hai 5% GST ka from 1st april 2019 se. Ab mujhe GST ......kitna pay karna hoga.5% gst ya 12% gst . Builder 12% demand kar raha hai. Please suggest me...

@manojjoshi16 3 года назад

Hello sir. Am your RU-vid subscriber. Mere kuch doubts hai. Mujhe 15L mein 350gaj plot lena hai. Jisme mujhe 18% GST on plot cost i.e 15L, 4.9% stamp duty, 1% Registration charges and advocate charges dene ko kah rahe hai. 196543+77580+15832+15000 = 304955. Kya 15L ke plot parr 3 lakh 5 hazar ka kharcha aata hai sir. Aur bol rahe hai ke 6L white mein aur rest of the amount black mein dene ko. Toh sabhi govt charges mujhe 6L ke white payment parr applicable hoga ya 15L ke total payment parr. Plz guide. Need your kind advice. I already msged you on your RU-vid channel. Aapka video 3 saal purana hai. Mujhe 2021 ka update chahiye sir plz.

@MD-rz9og 4 месяца назад

डेव्हलपर कमर्शियल बिल्डिंग के लिए लँड डेव्हलपमेंट पे लेता है ऊस वक्त उस्को एडवांस जीएसटी लँड ओनर के पार्ट की भरण्याचे जरुरत है क्या आपका नंबर या ईमेल आयडी दीजिए

@reyazirfani8096 6 лет назад

govt works contract main kis tarah gstr 3b file hoga and sales invoice

@manitiwari778 Год назад

Sir, i m a landlord,given land to builder.Now, builder gives my part as a flat of cost 47Lof non affordable catagory.land cost 10L included.how much GST will have to pay.builder have completed the project in2019

@manitiwari778 Год назад

लैंड लॉर्ड के शेयर पर gst क्लियर किया जाय

@vishalparmar2 6 лет назад

Wonderful information

@DNadeemKhan 4 года назад

Sir , Mene builder ko advance payment part part me Diya tha or building Ka completion certificate isshu hua he after 01/04/2019 or agreement Jo he vo 01/04/2019 me bad Bana he to muje gst lagega kya??

@deekshagupta8290 4 года назад

Sir meri sale thi flat ki completion certificate milne ke baad payment mila tha usko mene non gst supply me dikhaya hai portal par. Is that correct??pls reply

@dkparmar6195 5 лет назад

Sir mene 2017 me Flate purchase kiya tya jo under construction me tha muje builder ne dastavej par GST 9% lagaya he muje 95000 GST charg deni hogi lekin march me GST news aya tha to ab muje GST charg Kitna dena hoga sir

@rdhammi 6 лет назад

principle of composite contact apply on PLC

@jeetu18 3 года назад

Badiya

@jatinchopra4692 5 лет назад

Dear sir, service business Hai Meri turnover 7000000 Hai To Kya Mujhe Bhi audit karna padega

@mdshehnwaz8151 6 лет назад

Very informative 😊

@deshbandhubhargava5028 6 лет назад

works contract me purchase pe itc nahi milta hai so hme purchase ko kese dikhaye

@RAVIPATEL-hi6hl 5 лет назад

Hello ,mene abhi hal hi me naya flet liya he bulder gst chage kar raha he mera ek business bhi he uska gst number liya he to jo gst mene bulder ko pay kiya he wo business me credit mil sakta he