GST
6 years ago
Hi All,
I have booked ready to move (project is under construction) flat in panchsheel green phase ii at noida extension on 25 Jun 2017 and paid 30% down payment. Also paid ST 4.5 % to builder. Possession date till 30 june 2018. But no OC is issued till yet and no demand has raised against payment.
Now my question is
1. I am going to pay remaining amount to bulider, If builder get Completion certificate in May 2018, Do I need to pay 12% GST on it or zero . As bulider is saying to pay 6percent GST before OC has issue. N after 12percent will have to pay. Is builder demand right.?
Could you please help me on it.
Deepak Yashwantrao Bade
Responded 5 years ago
Ambrose Leo
Responded 6 years ago
Ambrose Leo
Responded 6 years ago
Johnson Thangiah
Responded 6 years ago
If the agreement between you and builder before the GST launching period you need not pay the tax.