As per section 17(5) (c) of the CGST Act, 2017, input tax credit shall not be available in respect of the works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service. Above text doesn't imply whether it is related to contractor(supplier) or recepient. So after reading it one may think that contractor won't get ITC in respect of the works contract services when supplied for construction of an immovable property. But will get ITC when receiving services from sub contractor. What's the fact whether contractor can claim ITC for inputs used like raw materials to build immovable property of its client?
Very nice Sir, what a beautifully explained such a different topics with nicely interlinking with different different sections. Very helpful. Charan Sparsh Sir. Thanks .
Can u answer doubts I get during the course of business? For example we supplied a small equipment to Tata Steel on loan basis one year back and got paid for use as a monthly rent. Now they want to retain the equipment and asked us to raise a sale invoice.and issued a PO also.now Can we just rasie an invoice to ratify a supply made one year ago?
Sir request you kindly share that under which section of GST, developed Plot No GST is applicable ,and if can share the copy of GR by the GST department for the same. Thanking you very much in advance
Can Gst will applicable on work sevices conrtact carried by contractor for Lacal authority muncipal council for remedation or sanitation service work involving Estmated cost above 2.5 lacs & If yes then at what percent (Either 2 Percent deduction from contractors bill raised) or if no then the notification no with date of the Gst council meeting.sir Plz guide ji
Sir, I have a query Whether GST on transfer of development rights by landowner to Developer for converting a piece of land into developed plots (only not flat or building) is applicable? if yes please make a detailed video alongwith full clarifications and case laws. Thanks you 🙏🙏
Thanks for update sir, when you explain you in such a depth concept its really comfort all the participants No ppt is required when you are the speaker 🙂🙂 🙏🙏
I don't know. How may likes you deserve. You are just awesome. Great.
Excellent Presentation without PPT. Excellent Sir
Sir GST Payable on flats allotted to tenants in JDA?
Whether RCC construction contract is a works contract?
As per section 17(5) (c) of the CGST Act, 2017, input tax credit shall not be available in respect of the works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service.
Above text doesn't imply whether it is related to contractor(supplier) or recepient.
So after reading it one may think that contractor won't get ITC in respect of the works contract services when supplied for construction of an immovable property.
But will get ITC when receiving services from sub contractor.
What's the fact whether contractor can claim ITC for inputs used like raw materials to build immovable property of its client?
Wow sir, amazing, without any ppt and drwaings you sketched all scenario very well and clearly.. Thank you so much sir.
39:44
Advanced received against property ka GSTR1 me HSN construction services ka code dalna he kya
No reply
Sir I want to gain whole knowledge/ compliances regarding gst on realestate sector is any book or lecture available ?
Very nice Sir, what a beautifully explained such a different topics with nicely interlinking with different different sections.
Very helpful.
Charan Sparsh Sir.
Thanks .
Thank you very much sir... For such nice explanation.
Maza aa gaya....
Amazing session sir.
Sir in case where a TP in banglore gives property on rent in Mumbai,registration not required in mumbai?10(1B) applicable?
Sir it was very educative. Things are very clear now. Thank you 🙏🙏
Sir car service centre is charging separate only
Can you provide us the monetary limit for fliling in appeals by department in custom....
Can u answer doubts I get during the course of business?
For example we supplied a small equipment to Tata Steel on loan basis one year back and got paid for use as a monthly rent.
Now they want to retain the equipment and asked us to raise a sale invoice.and issued a PO also.now
Can we just rasie an invoice to ratify a supply made one year ago?
Sir request you kindly share that under which section of GST, developed Plot No GST is applicable ,and if can share the copy of GR by the GST department for the same. Thanking you very much in advance
Thanks Sir for explaining such a difficult topic in a very simple and illustrative manner ..
Ji Good morning .God bless you and your family
Excellent sir ,But if I purchase goods from urp than I have to take registration in delhi.sir am I right.
Can Gst will applicable on work sevices conrtact carried by contractor for Lacal authority muncipal council for remedation or sanitation service work involving Estmated cost above 2.5 lacs & If yes then at what percent (Either 2 Percent deduction from contractors bill raised) or if no then the notification no with date of the Gst council meeting.sir Plz guide ji
Sir; It is really amazing & knowledgeable.Thanks
Sir, Bimal ji you are great.
Love the way you explain sir.......
Wonderful session. Thank you very much Sir.
Sir, I have a query Whether GST on transfer of development rights by landowner to Developer for converting a piece of land into developed plots (only not flat or building) is applicable? if yes please make a detailed video alongwith full clarifications and case laws. Thanks you 🙏🙏
After July 2022 update another session is pending sir
Notwithstanding section 73 interest leviable only when there is short payment on account of wrong credit. Perfect.
YES ON WHOLE CONSIDERATION
Superb sir thank u so much🙏🙏🙏🙏
Thanks for update sir, when you explain you in such a depth concept its really comfort all the participants
No ppt is required when you are the speaker 🙂🙂
🙏🙏
Nice Listening you Sir
1:37:15
Thank you sir.
Yes
Thnk u so much sir
Thankx a lot
Composit
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Gratitude sir
Nooooooo
Pl
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Yes
Services
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