12 % gst reverse on land purchase or not ?
jj agro07 (44 Points)
06 August 2017i have my gstin number . I am running my own spare parts business now i am planing to buy a plot (land) in the name of my wife and the seller company says me to pay gst 12 % on EDC (EXTERNAL DEVLOPMENT CHARGE) . CAN I CLAIM TO REVERSE THIS CHARGE UNDER AS PER SEC 17 OF CGST ACT NO ITC ???