Buying property before june 2017 and builder charge gst @ 12

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2017 Dear sirs

Very Good Morning and have Good Days, My Name is prashant Taribagal, i am working as a accountant in small scale industries, I have purchase flat @ neral @ 816500/= ( Agreement Value ), My Agreement and registration Done Last Year i.e. July 2016.. And I have paid Cheque/Cash to Builder 690000/= before june 2017. according to their demand

Yesterday Builder send Tax Invoice of Rs.816500/= + 12% GST.

I have not taken Bank Loan, I have taken personal loan from my family members,
Now builder is charges GST on fully agreement value only, Its applicable ?

Please advice me

Thanks & Regards
Prashant Taribagal

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 October 2017 They should not charge 12% GST on amount paid before June 2017. Only service tax at 4.5% applicable during that period. For the balance amount paid after June 2017 only 12% GST applicable.