• We have completed a project in the month of July and get Occupation Certificate. At the time of sale (exempt Supply) we purchase some quantum of Material or any Contractor service. Some are registered Suppliers and some are cover under RCM. How can we claim ITC?  It is carry forward for next project or setoff against any other GST liability.

• If builder sold any exempt supply (Flat sold after OC) and pay brokerage to a URD Broker is there any liability under RCM.

• How this reversal of ITC is made in books of accounts, in case of unsold flat after OC? There should be at most clarity regarding this & GST council should make it very clear working of GST at the time of completion of Project & reversal method.

• How builder has to maintain GST A/c. if they are having more the two projects in same Company (GST NO.). We have one GST no. there is no provision for Project wise details in GST return. Is this ITC interchangeable or ProjectWise.

• In a project we have sold 20 unit and construct 100 units and utilize ITC at the end of project. We have 80 Units (which is Exempt Supply). How to reverse the ITC which is utilize in this project.

1. ITC on Construction Material
2. ITC on Contractor
3. ITC on Promotional Activity
4. ITC on Brokerage
5. ITC on Professional Fees

Brokerage paid for sold 20 unit, how can reverse of that ITC.
 

• Land Owner gives Land for project on J.V. basis to builder.

1. What is the point of taxation in GST for Builder?
2. What is the rate of tax?
3. What is the time of supply for landlord’s share of flat?
4. GST is paid from agreement date or C.C. Date?
5. There is some view when we enter in to an agreement with land Owner builder will have to immediately pay GST on land owner’s share of flats at R/R rate or market rate? Sometime after the agreement there is so many procedures of commencement certificate (C.C.) by the time if agreement cancel between Builder and Land owner what about TAX which is already paid.
6. How & when builder has pay GST on land owner’s share of flats. Is it construction stage wise?

• Status of TDRs under GST Act:

1. Taxability of TDRs and SRA Projects in the light of definition of supply which includes barter system?
2. Rate of Tax under GST on sale of TDR and construction of SRA Projects?
3. If taxable under GST, than is tax applicable on construction under SRA projects or also on sale of TDR?
4. ITC provision in relation to above.