Gst for under construction flat/property
Gunavant patil
(Querist) 02 March 2019
This query is : Resolved
Sir, I had book the under construction 2 bhk flat in april 2017 at Nasik, Maharashtra and registration is completed Sep 2018 with GST@12% + Stamp duty@6% + Registration charges@1%. and completion will be in Aug 2019 and deed of apartment is pending.
But as per 25 Feb 19 GST council meeting, GST will be 5% for under construction property.
Kindly clarify ? whether can i demand to builder for 7% amount which i have paid already.
Regards,
Gunavant Patil
8884185395
Dr J C Vashista
(Expert) 03 March 2019
Yes, the excess amount can be adjusted/refunded.
