Q. 185 A person running a functions hall gst regular scheme in gst act 1. dealer function hall charges along with electricity charges and rent received from customers 2.dealer advance received from customers rs:20,000/- for July -22 month and balance amount rs;30,000/-received for August -22 month received Question Dealer advance and balance amount show procedure in gstr3b and gstr1 2.dealer function hall charges along with electricity charges and rent received from customers treatment in books and returns ?

Ans. As per section 31(3)(d) read with rule 50, a receipt voucher is to be issued by a registered person on receipt of advance payment. The registered person is required to compute tax at the rate of 18% on the advance received. The advance received is considered inclusive of GST. Table 11A of FORM GSTR-1 captures information related to advances received, rate-wise, in the tax period and tax to be paid thereon along with the respective place of supply (POS). In FORM GSTR-3B, the value of advance received is to be added in outward taxable supplies and tax to be paid on the same. 

Q. 184 Can i get official Notification of changes in tax rate of chit fund from 12% to 18% with effect from 18th July 2022 ?

Ans. The changes have been made through Notification No. 03/2022- Central Tax (Rate), dated 13-7-2022, w.e.f. 18-7-2022 from the SAC list.

Q. 183 Work contract detailed applicable GST Rates after new notification, please clarify ?

Ans. With effect from 18.07.2022, the following rates have been changed in case of works contract for :-

•   roads, bridges, railways, prescribed civil structures, effluent treatment plant, crematorium, building owned by an entity registered under section 12AA etc (Sl no 3(iv)) is changed from 12% to 18%.
•   roads of original works of railways, low-cost housing, post-harvest storage infrastructure for agriculture, mechanized food grain handling system etc. (Sl no 3(v)) is changed from 12% to 18%
• affordable residential apartments Sl no 3(va)) is changed from 12% to 18%
• supplied to central and state governments, local authorities for historical monuments, canals, dams, irrigation works, pipeline, plants for water supply, educational institutions, hospitals, etc. & sub- contractors thereof (Sl no 3(iii), (vi) and (ix) is changed from 12 % to 18%.