Charging of gst.

This query is : Resolved

Suraj Srivastava (Querist)
Follow

20 April 2019 1. Booked a Villa of Rs. 43 Lacs in 2008 possession was agreed within 3 years.
2. Paid 95% within a year as and when Invoice generated by taking home loan and rest 5% was to be paid at the time of possession.
3. Possession not given after 3 years, even after lapse of 8 years in 2016 the unit was not ready.
4.Requested the builder to give possession on as is where is basis.
5. Builder estimated work of 7.5 Lacs remained left and got ready to pay back and entry to this effect passed in giving credit to buyers account.
6. Builder did not paid 7.5L rather constructed the left work.
7. Generated the iñvoice of 7.5L on 31.03.2019 charging GST@12%.
8. Buyer argues that new invoice cannot be generated for amount already paid in 2009 . Hence no Gst.
Pl advise

CA Suraj

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

21 April 2019 Buyer's argument is right. No GST applicable now for payment made in 2009.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Srikanthan S

Jayanti Visani

Vishal Dave

Ahamed Kabeer

svgovindaraju

Subscribe Now

Charging of gst.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA