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As property is under construction, GST is leviable even if registration has been done in your name, as per GST Act under-construction properties will be taxed at 18% which includes 9% SGST plus 9% CGST.
'Get a Wazzeer' to have a detailed discussion with a subject matter expeert.
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Wazzeer Professional Network
ProfessionalI have bought under construction property from builder and it's registration is also done. Long before GST started. I have already paid all taxes on property at the time of the registration. But now my builder is demanding the GST on property. Do I need to pay the GST ?
Because I have already paid all taxes before GST came into picture. If I am paying GST then shouldn't my previous tax amount should be returned to by builder. Why I need to pay tax more than once for same property. Any advice on this will be very helpful. Thanks in advance. And if I need to pay the GST then what should I make sure from builder (about receipts and documents).
-
Wazzeer Professional Network
ProfessionalAs property is under construction, GST is leviable even if registration has been done in your name, as per GST Act under-construction properties will be taxed at 18% which includes 9% SGST plus 9% CGST.
'Get a Wazzeer' to have a detailed discussion with a subject matter expeert.
over 4 years ago
View answer
I have bought under construction property from builder and it's registration is also done. Long before GST started. I have already paid all taxes on property at the time of the registration. But now my builder is demanding the GST on property. Do I need to pay the GST ?
Because I have already paid all taxes before GST came into picture. If I am paying GST then shouldn't my previous tax amount should be returned to by builder. Why I need to pay tax more than once for same property. Any advice on this will be very helpful. Thanks in advance. And if I need to pay the GST then what should I make sure from builder (about receipts and documents).
-
Wazzeer Professional Network
ProfessionalAs property is under construction, GST is leviable even if registration has been done in your name, as per GST Act under-construction properties will be taxed at 18% which includes 9% SGST plus 9% CGST.
'Get a Wazzeer' to have a detailed discussion with a subject matter expeert.
over 4 years ago
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