1 let me know advance received against construction work is liable for GST or not 2 what is the rate of GST on commercial property 3 what is the rate of tax on industrial property

Reply--

1)  Yes, GST is payable on advance received in case of supply of service.

GST on Supply of Goods was payable at time of receipt of advance, if the amount is received before issue of invoice. This provision has been removed by issuance of notification no. 40/2017 (central tax) dated 13.10.2017. As per this Notification, Registered Persons (other than composition dealers) whose turnover during last FY was less than 1.5 crore, are not required to pay GST on outward supply of goods, at time of receipt of advance.

Further as per notification no. 66/2017 (central tax) dated 15.11.2017 extended this benefit to all taxable persons (other than Composition dealers).

2) GST rate on construction of commercial property is 18% with ITC.(effective rate is 12% after reduction of land value)

3) As per paragraph 5(b) Schedule II of CGST Act — Construction of a complex, Building, civil structure or a part thereof, including a complex or Building intended for sale to a buyer, wholly or partly, where the entire consideration has been received after issuance of Completion certificate, where required, by the competent authority or after its First occupation, whichever is earlier shall be treated neither as supply of goods nor supply of services. 

Sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of Building is neither supply of goods nor supply of services as per schedule III of CGST Act,2017. Therefore, GST is not attracted on sale of Building.