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
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.
CAclubindia
