Paying 5% GST, along with stamp duty charges is simply looting of money by govt 😢

@ashokchakravarthy6054

Жыл бұрын

100% correct bro

Good and importent message about gst for builders

Very good explanation sir

I have a question, we have handed our land to the builder for development in the year 2016 may, and the construction was completed in the year 2023 march, and builder didn't pay any amount for the delay and he collected GST from us for the flats handed to us, are we supposed to pay GST to the builder in this process?

970 sft ani simple ga చెప్పారు. కానీ యిది సూపర్ build area no leka carpet area నా

@SunandaNaren

4 ай бұрын

S. Idi clarity ledu

Hi sir Very good explanation and more videos we want

Dear Sir, it's a practical example, I have purchased a flat at KNR which is not a metro city, unfinished flat charged Rs.34,00,000+1,00,000 car parking =35,00,000 got registered. The share of land is 64 square yards, flat area including common area 1700 square feets. Now builder is asking to pay the GST @5% On Rs.35,00,000 to him not to Government directly. Please clarify the GST 1%. OR 5% on total amount or carpet area. Getting confused please. Builder amount to be paid within a month. Laxmaiah V

Nice explanation with full of patience

Very well explained about nee GST law and its impact on builder, land owners and purchasers 👍😜

@shaikikram9254

2 жыл бұрын

My builder took 1.9lac for GST on my flat ..but he is not showing the bill...what should I do....please suggest...

@iconrealhomes

2 жыл бұрын

@@shaikikram9254 GST bill specific ga ivatam undadu....they do as part of monthly transactions....and it will only reflect as gst paid by company to the govt but not specific person name

Hi sir,If I purchased a flat of owner share without occupancy certificate and without construction agreement. Then shall I need to pay GST??

Thanks for enlightening with GST. If the buyer of apartment has a GST number, can he ask the seller to provide his /her GST number while paying to government. Can the buyer take the GST credit back ?

Nice explanation... Sir am having a doubt! In case of own land: whether Builder need to register flats on builder name and need to pay stams & Registration charges on such sold & unsold flats? If yes, what value should builder adopt? Whether the same value can builder adopt for collection of GST from customer or any different transaction value? Kindly suggest me.... Thanks in Advance Sir

Chala information echaru

Sir nanu flat konanu, builder gst athana pay chasta annaru apartment complete ayaka nanu konanu kani 9 months ayindi occupancy evaladu, epudu gst yavaru pay chayala

Thanks for sharing your valuable knowledge sir,

Hi..nicely explained sir. I paid gst and purchased the flat by paying registation fee ( sale deed completed). Now I want to resale it. Shall I need to collect gst from buyer? Occupation certificate not yet obtained.

Well explained Andi

Iam agreement.construction finish group house. my builder after agreement ask 1.25 lac GST iam confused

హౌసింగ్ లోన్ అమౌంట్ బిల్డర్ కు ట్రాన్సాక్షన్ చేసినప్పుడు వాళ్లు ఐటి పే చేయాలా సార్, ఆ లోన్ అమౌంట్ 50lks above వుంది

My builder took 1.9lac GST for my flat...but he is not giving the bill... Occupancy certificate vacchindi...but not providing GST bill of 1.9 lac

@nikithatelapalli7563

Жыл бұрын

Is he given the bill after selling all the flats ?

Super chepparu

Bro nenu oka jda apartment lo flat booking chesanu . Inka apartment full construction avvaledu devloper general power of atome tiskunaru ipudu nenu registration ki velitey evaru Naku registration sign cheyali land owner or devloper. Pls reply

JDA lo construction chesthey.. occupancy certificate vachina tharvatha kuda builder ki GST pay cheyalsi untudaa ??? If its builder' s own land then no GST ??

Sir nenu apartment kosam prebooking chesanu so nenu land lordga registration chepinchukonnanu and building total developmentki sign chesaam. Ippudu nenu GST pay cheyaala? Vadhha?tell me suggestion

చెక్కతో ఫ్లోరింగ్ 5th stair lo vesivumdi అలా ఉన్న అపార్ట్ మెంట్ konavachha..

Sir can you clarify the GST rate on under construction projects ie started before April 2019 and still not completed One more question sir,the builder can pressure the buyer for registration on basis of Part Occupancy Certificate

@msraorao8173

Жыл бұрын

31:54

Hi sir naku firm undi maa frnd ki firm ledu but iddaram kalisi site konnamu ipudu 15 flats kattam but no sale owne ga unchesukuntunnamu so deeniki GST Ela kattali GST untunda ikkada firm lo 2 cr investment chestunna na friend 2 cr houseing loan ki velli dvara 2 cr investment chestundi

Excellent sir

Hi sir Good information given by you Occupancy certificate and No objection certificate (noc) both are same are not Plz reply sir

@iconrealhomes

2 жыл бұрын

no objection for what…occupancy certificate is important..no objection can be different based on the subject

@sriramamurthy2112

2 жыл бұрын

Mr. Rao question might be GST applicable from the date of building completion an obtaining the Plinth completion certificate or from the date of OC ( occupation certificate ) which is mainly given for providing the amenities after charging.

Sir commercial complex construct chesi ,kontha square feet sale cheste before occupancy certificate GST enta percent pay cheyali

@iconrealhomes

2 жыл бұрын

what is the ratio of commercial and residential area. If commercial area is more than certain percentage...they may charge very high (12%)...if commercial area is less ...then 1 to 5% depending on carpet area

Total flots 30 Each flots 1185 square feet undi But Lenth X width 35.5. X 25.5. Undi sir వీటికి 1 % gst or 5 gst ఏది అప్లికబుల్ sir

@iconrealhomes

2 жыл бұрын

you are at border to 5% gst, exclude the common areas and balconies..

@saikrishna-ls9sv

2 жыл бұрын

K sir below 970 sq feet unte only 1% kada Mari meru 5% అంటున్నారు

@saikrishna-ls9sv

2 жыл бұрын

Sir plot price 45 lachs unte 5% gst అంటున్నారు below 45 lachs unte 1% gst అంటున్నారు ఏది currect sir

PLS SPECIFY ABOUT 45 LACS, IS IT REGESTRATION PRICE OR ACTUAL PRICE WE PAY TO BUILDER, WHICH IS CRITERIA

Sir, we r going to construct apartment ourself wtout builder under co operative housing society. Should v pay any GST to govt.

Hi Sir, Very useful information, but i have small doubt iam a business man can i take this GST as input for my business account.

@iconrealhomes

2 жыл бұрын

no not possible

1450 sq ft(65 lakhs) new apartment in hyderabad, what would be all the charges for entire registration i.e stamp duty,registration fees and GST. GST motham memey kattala or builder kadthaara? Builder is asking for registration now only. Is it fine to get registered now only?

@nothingpersonal1646

Жыл бұрын

Sir any update on this.. I'm in the same situation now

@Manavantilluammachetivanta

11 ай бұрын

GST customer ye pay cheyali

Sir, Landowner needs to pay any GST in case he is keeping his flats and not selling to anyone. Also, can you please confirm the best time for the landowner for his flats registration (before Completion / First occupancy or after that).

@iconrealhomes

2 жыл бұрын

needs to pay GST....irrespective of before or after occupancy certificate. Your development agreement is liable to GST..you are exempted from GST if you construct the apartment in your own place and sold after occupancy cenrtificate

@imambasha216

Жыл бұрын

​@@iconrealhomes hello I have some doubt regarding to start my own plot construction work. I had already my plot and I'm trying construction myself.. before I strat what is the process i.e shall I get occupancy certificate or after completing

Second hand apartment 17 years old flat ki gst katala konukunte please respond me sir...

@iconrealhomes

Жыл бұрын

akkarledu…only first sale apartments or villas ki gst

Sir, My builder is imposing GST of 7.5% on the under-construction flat which I have purchased. So my doubt is whether this rate7.5% charged on me is correct or not?(in my case, the builder is constructing under joint venture) Pls let me know the correct information.

@iconrealhomes

2 жыл бұрын

is it commercial or residential..commercial is high but residential can not be more than 5%

@kalimullabaig5377

11 ай бұрын

​@@iconrealhomeso

On the JDA, gst is not clearly explained

Good information

936 Sq feet undi sir gst 1% or 5% chepandi sir

I have a doubt sir GST dene medha pay cheyale 1) total flat cost or 2) only on land value Plz tell me anyone

@iconrealhomes

2 жыл бұрын

not land value, need to pay on the registration amount.For example if the flat costs 50 lks including additional work, but only registred for 30 lks, registered amount is liable for the GST

Sir we want to consult you to take some suggestion for our co operative housing society , planning to construction apartment, we r all govt employees

Hello sir, we finalized a flat in Residential building which is ready to move(it's 1300sft). Builder has applied for occupancy certificate but not yet received occupancy certificate. We didn't know about completion certificate. Is GST applicable on this flat? If yes, What would be the GST? And on which amount we should pay GST? please advise.

@bathulasrikanth2256

Жыл бұрын

Pure construction value + 5% GST.(not yet received Occupancy certificate).

@Pavanramkumar

Жыл бұрын

Pure construction value means? Registration flat value?

@bathulasrikanth2256

Жыл бұрын

@@Pavanramkumar Occupancy certificate అంటే Indirect గా GST అని అర్ధం. అది complete కాకా ముందే కొంటున్నారు కాబట్టి GST కట్టి కొనాలి. ఒకవేళ complete అయ్యాక కొంటె బిల్డర్ అనేవాడు occupsency సర్టిఫికెట్ (GST) కి కూడా డబ్బులు కట్టి, including gst occupency value కి మీకు flat ని అమ్ముతాడు, అంటే (Registration value+ flat value +Gst) ఇది మొత్తం కలిపి ఫ్లాట్ value కింద లెక్కేసి మనకు అమ్ముతారు. In case మీరు under construction లో కొంటె (Registration value+flat value)మాత్రమే లెక్కేసి మిగతా gst (occupency)మీ దగ్గర వసూలు చేస్తారు. ఇక్కడ GST అన్నా, Occupency అన్నా రెండు ఒక్కటే. GST=occupency. Constructio ఫీల్డ్ లో gst ని occupency అని కూడా అంటారు😊

@Pavanramkumar

Жыл бұрын

@@bathulasrikanth2256 I am the Developer sir. I took land for development from land owner. Total Flats are 10 Owners share are 5 flats Developer share 5 flats I received the OCCUPANCY I have 75% GST BILLS. Now what is the GST I must pay to the department as a received the occupancy. After completion I will be selling flats without collecting GST from the buyer. But should I as a developer need to pay GST for the government for the rest of the flats???? I won’t collect, but is there a rule that I must pay to the GST department from my pocket?

Building permission equal to occupancy certificate ah sir?

@iconrealhomes

2 жыл бұрын

no

Sir GST kattadam late ayethe penalty emaina paduthundaa ???

@iconrealhomes

2 жыл бұрын

yes paduthundi

I am the Developer sir. I took land for development from land owner. Total Flats are 10 Owners share are 5 flats Developer share 5 flats I received the OCCUPANCY I have 75% GST BILLS. Now what is the GST I must pay to the department as a received the occupancy. After completion I will be selling flats without collecting GST from the buyer. But should I as a developer need to pay GST for the government for the rest of the flats???? I won’t collect, but is there a rule that I must pay to the GST department from my pocket?

Sir Unfinished flat pasupu kumkumma kinda registration chesukunte gst kattala

@iconrealhomes

2 жыл бұрын

not very clear andi..are u the builder or land owner..if yes, it is liable to GST ..

@sriramamurthy2112

2 жыл бұрын

If the Value and area are exceeding the limit then GST will be applicable . If you want to avoid the GST transfer only after completion as pasupukumkuma

@sriramamurthy2112

2 жыл бұрын

Request you to share your Contact Number.

1180 square meter flat ki gst antha untundi.

@prasanthiprabhas4065

Жыл бұрын

Registration value lo 5%

Sir, plot owner flats ki gst kattala

@iconrealhomes

2 жыл бұрын

kattali

Hi

How could we contact him

@iconrealhomes

2 жыл бұрын

for what purpose

Send me nembar sir

Ni enkamma miku clarity ledu mundu

@gandhamanenijagadeeshchand674

Жыл бұрын

Give your phone no

Sir I am a developer. Recently I obtained the OCCUPANCY CERTIFICATE and now I am selling my flats with 5% GST as per your instruction. My final doubt is 1) 5% GST to be paid by me on Registration value of the Sale deed value? Or any other calculation?

@imambasha216

Жыл бұрын

What is the process to get for occupation certificate

Builder ki katalsina GST amount epudu pay cheyali.. Before registration or before handovering apartment

@iconrealhomes

2 жыл бұрын

From day 1, 1% or 5% should be charged on every instalment you made to builder

@murthykatravulapalli2847

2 жыл бұрын

super sir clear

@guru30msp

2 жыл бұрын

good presentation sir, super;b