Input Tax credit for GST on Flast I purchased

This query is : Resolved

Rahul M (Querist)
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02 December 2019 Hello CA experts,

I had bought a flat in Trivandrum in Aug 2018 . Then the GST was 12% for residential flat .

However in April, GOI revised the GST of residential flat to 5% and my builder switched to 5% rate. I have been paying the rest of payments with 5% GST.

I have made almost 60% of my payments with 12% GST. .

Now the flat is about to be handed over to me .

The builder has informed me that I will NOT get input tax credit for the the payments I made with 12% GST since they have shifted to 5% GST and hence GOI would not be paying the Input tax credit.

Kindly let me know if I am ineligible for Input tax credit for the payments I made with 12% GST .

Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 December 2019 You are eligible for Input tax credit for the payments you made with 12% GST .

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