Construction of Parking lot for Municipal corporation against TDR

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..... Construction of Parking lot for Municipal corporation against TDR
Query (Issue) Started By: - Dinesh Mehta Dated:- 3-3-2021 Last Reply Date:- 4-3-2021 Goods and Services Tax - GST
Got 3 Replies .....

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GST
We have started construction of parking lot in 2011. Against the construction of parking lot, we are supposed to get TDR from the Municipal Corporation. We have received OC for the same in .....

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..... Feb 2021. We have taken ITC in respect of inputs / input services that has gone in the construction of parking lot from July 2017. Are we supposed to pay GST on construction or parking lot? If yes, on .....

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..... what value? Reply By KASTURI SETHI: The Reply: It is not exempt. For valuation you will have to resort to Rule 30 or 31 of CGST Rules, 2017. Reply By Dinesh Mehta: The Reply: The possession of th .....

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..... e Parking lot has happened in Feb 2021 when we received the completion certificate. We can take Chartered engineer certificate for the percentage of work completion in Pre GST era and Post GST era. Ca .....

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..... n we say that part service was rendered in pre GST regime and part in post GST regime and hence GST is payable only on the construction services in GST era? Reply By KASTURI SETHI: The Reply: No. Se .....

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..... e Sections 13 & 14 of CGST Act.
Discussion Forum - Knowledge Sharing .....

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