Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
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.
...
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.
about 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.
about 4 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.