Jethmal Singhvi (Chartered Accountant-Practitioner) 13 September 2017
I bought a new flat in Surat, agreement was made prior to 1st july ie before gst implementation, and down payment was as well paid at that time, 95% of building work was completed at that time, loan for the same was sanctioned on 16th July,
Now the builder is demanding extra money for Gst....what are the implications....??
Need an expert advice...should we laible to pay gst or it is the duty of builder...??
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more
Dhirajlal Rambhia (KVO Merau Kutchh) 13 September 2017
GST will be liable over any payment due after 01.07.2017.
If you had made full downpayment, or nothing is due to be paid after implementation of GST..... builder cannot charge GST