Gst for builders

Gajanan (Business) (32 Points)

19 June 2017  

Hi All,

As per new amendments in MVAT Law, all builders are required to pay VAT @ 1% on Advance receipts from customers.

In my case customers are  ready to pay entire amount of MVAT & ST in advanced it means they will pay flat cost in future but they are ready to pat MVAT & ST to avoid higher rate of GST in future, is this allowed?