GST ON FORFEITED AMOUNT WHICH IS WAIVED

Anoop srivastava (223 Points)

13 March 2024  
As per the agreement with seller, if buyer surrender under construction flat during midway then seller can forfeit booking amount however as a special case seller had not forfeited any amount however they had charged GST on the forfeited amount which they would have forfeited. whether this is correct. please mention notification/ circular no etc if you know.