Is GST refundable?
This query is : Resolved
09 December 2020
Hi I bought a house in June 2017 of 1.14 Cr, registered in Oct 2017 and paid SDR 6.23 Lakhs, GST 12 Lakhs paid in Sep 2017. Cancel the booking due to inability to pay balance amount. Cancellation registered in Jan 2019. Builder says GST amount is not refundable. I doubt his statement. please can you confirm if GST is refundable to me completely?. Is there any process by which i can initiate a refund just like stamp duty? Thanks in advance for any help.
09 December 2020
GST is refundable to you. Builder should issue Refund Voucher to pay back advance with GST to you.
09 December 2020
Thanks lekhraj, Can you please provide some legal supporting for your answer which i can send to the builder to validate the point.
09 December 2020
Also 1 more question Sir, What happens if builder resells my flat after OC is received as GST is not applicable then
09 December 2020
Please refer rule 51, it mentions the GST amount therein as well.
In case of subsequent sale , gst will not e levied by him since its after completion.
In case of subsequent sale , gst will not e levied by him since its after completion.
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