Already paid VAT 1% still under construction property. Also was paying Serive Tax on each installment. How this will be adjusted with GST and wiil have to be paid in lump-sum as VAT?
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Vat 1% paid for under construction how it will be adjusted
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No GST over the payment paid upto 30.06.2017.
GST will be charged only on the remaining payment after 01.07.2017, for under construction properties......... @ 12% (as per directions of government, builders are requested to pass on the benefits of ITC available on inputs to the customers)
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