One of my relative is going to purchase one ready flat constructed before July 2017 now does he has to pay any extra amount at GST for this flat or it will be borne by the developer. Please give me some help in this regard.
Thanks.
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Gst on newly purchased flat
Replies (2)
There is increase in tax which is now 12%. But at the same time builder is going to be benefitted from input tax credit on material reducing his cost if production substantially which was not there previously.
So if builder is not passing this benefit to consumer action may be taken against him under anti profiteering clauses of GST
So if builder is not passing this benefit to consumer action may be taken against him under anti profiteering clauses of GST
Thanks for the reply, actually the developer insist to pay this gst portion. So I am asking who will pay this one the developer or the buyer ?
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