I have purchase a flat under construction and taken loan under pm subsidy scheme.
As per GST rule Rate of GST should 8% but builder insist to pay 12%.
What can I do.
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Gst of purchase of flat
Replies (5)
Dear mr vinay,
Your are right , gst rate on flat under clss is 8%
The GST rate has been reduced to 8% from the existing 12% on purchase of houses availing of the credit-linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojna and of those houses that are constructed in a project that has got infrastructure status.
Builder was not agree and Demand 12% and provide receipt.He say that 8% is applicable only on special project, and not individual person.
Tell the builder regarding the new updates gst rate
good clarification and information
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