Sir
I have booked a flat in february 2017 and made part payment to builder in the month of march 2017.Now i am going to registry my flat from builder by making remaining payment to builder but builder demand gst @ 12% on total price of flat.please guide us what gst will apply to how much amount.
Regards
Amit kumar
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gst on flay
Replies (2)
Gst can't be levied on earlier payment and earlier there was 12.5% vat rate and 4.5% service tax rate and no itc was there... Now full itc is available for builders with 12% gst rate, givt already issued various notification regarding this builder should pass benefits of gst on consumer otherwise this is case of anti profiteering and you can claim abt it
In fact flat rate should be lower after gst came in force... Bcz now itc is available to builders
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