Paid 15 lakhs to builder in feb 2014 and 5 lakhs in march 2017 . Property cost 40 lakhs. Now builders is asking 12 % gst on 40 lakhs i.e 4lakhs approx.
Need help if builder ask for gst on 40 lakhs is valid??
manish bhardwaj
m# 9819968348
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Gst on underconstruction flats
Replies (1)
As on today, GST applicable on under-construction properties is just 12%.
Any payment made after 1st July,2017 will attract 12% GST........
Any payment made before that were liable for service tax & VAT
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