Redevelopment me building gaya hai to original area 530 square feet tha.
Builder ne diya 830 square feet but apne ko 830 square feet nahi but 1150 square feet chahiye.
Toh GST kitne pe bharna padega 530-830=300 or
830-1150=320 or
530 -1150=620
kiske upar bharna padega? ki nahi bharneka?
building redevelopment hai isiliye.
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GST on Redevelopment
Replies (1)
Generally, GST applies only to the additional area you receive over and above your original 530 sq. ft. entitlement. You should not be paying GST on the 530 sq. ft. that serves as your replacement. However, you should verify the specific valuation terms in your Development Agreement with a qualified tax professional to ensure you are not being overcharged.
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