Gst charged buying property before june 2017

Refer: https://www.caclubindia.com/forum/details.asp?mod_id=429484

Thanks a lot for replied Sir,

In My case Building is under construction, still construction is going on

Before july 2017,  project construction was completed 78% to 88%

I have not taken any housing loan from bank, I had taken loan from my familily members and pay the amount to builder accordingly,

before july 2017,  I had paid more then 75% to builder, And builder Now charge me 12% GST on my Aggrement value i.e. 816500/=  he has send me TAX Invoice of Rs. 816500 + 12% GST

Builder said GST is not applicable for Loan holder, Its applicable only for  without  Bank loan custmer

Please Can You, Advice or help me please, 

12% on 816500/=  Its huge amount for me , 

please help to solve my query

Thanks & Regards

Prashant Taribagal

" before july 2017,  I had paid more then 75% to builder, And builder Now charge me 12% GST on my Aggrement value i.e. 816500/=  he has send me TAX Invoice of Rs. 816500 + 12% GST "

Ans: You are not supposed to pay GST over full amount, provided you had paid Service tax and VAT over the amount paid to builder before July, 2017.

"Builder said GST is not applicable for Loan holder, Its applicable only for  without  Bank loan custmer"

No...... Builder is not correct..........

GST is applicable to all the flat buyers of under-construction units.......... but only over the payments due after 1st July, 2017...... i.e. after the implementation of GST.

Click on the link for more understanding: 

top-10-questions-gst-real-estate
 

Dear sir

Thanku very very much for your valuable advice sir.

I don't know, that  builder  had paid service tax and  Vat on my advance payment or not..

Thanks & Regards

Prashant Taribagal

Now Builder is charged GST @ 12%  on My balance payment amount due 

Thanks a lot for your advicesable mail 

Thanks & Regards

Prashant Taribagal

Originally posted by : Prashant T
	Now Builder is charged GST @ 12%  on My balance payment amount due  Thanks a lot for your advicesable mail

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