• Need GST calculation and other tax builder may levid

We had bought Villa in 2015 , pre launch but builder did not have build a single brick on our plot till now . Now he asking GST extra . 
He has mentioned in agreement 
32lakh  construction cost  and 
28 lakh land cost .
3 lakh development charges
Extra charges for club house subscription
Extra charges to get Electricity , water n other  telephone line facility

Now recently he Registered plot to our name for 7.2 lakh , I don't understand what on rest amount bank has released to him ...  Hdfc bank is involved in this has no demand draft given to any customer by builder but directly submitted to bank. He not ready to give segregation. Asking him gstin no . We asking him to transfer input credit. Will on every payment GST to be paid or only on construction cost and not on development cost ? 
How much GST according we need to pay .

Hosur Tamil Nadu HNTDA registeration.
Asked 6 months ago in Property Tax from Bangalore, Karnataka
Hi,

Your question is not very clear. There seems to be lot of loopholes in the way the builder is dealing. You can file a claim against the builder as being the buyer, you have full right to know the break up and also the registered value cannot be so low as compared to the purchase price.
My suggestion is pay GST on the full amount as of now since the builder is refusing to give details.

Regards,
Nikhil.
Nikhil Khanna
CA, Mumbai
1188 Answers
9 Consultations

5.0 on 5.0

Hi,

GST shall be payable at the rate of 12% on entire purchase consideration.

Please feel free to call/ revert in case you need more clarity

Thanks and regards
Abhishek Dugar
CA CS B.Com
Abhishek Dugar
CA, Mumbai
3456 Answers
156 Consultations

5.0 on 5.0

hi,

Isn't this problem being faced with other people as well? Why don't you get together and demand full transparency from the builder else file a complaint against him. You have paid your hard earned money to him and you have full right to know the full details of things that impact you.

Regards,
Nikhil
Nikhil Khanna
CA, Mumbai
1188 Answers
9 Consultations

5.0 on 5.0

If the construction was completed before GST implementation, the builder cannot levy GST. 
Ask the builder to share the OC.
Lakshita Bhandari
CA, Mumbai
2017 Answers
63 Consultations

5.0 on 5.0

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