- Not possible to get the refund. Also project should also be registered under PMAY.
Gst refund under pmay subsidy 12% to 8%
Hi, I booked a flat on 30th July 2018, Agreement happened on 1st week of September. I got possession of my flat on 5th Feb 2019. I have paid 12% GST on my flat. I applied for PMAY under MIG 2 category in June 2019 and it got subsidy amount on 30th March 2020. I got to know that under PMAY the applicable GST is 8%. I contacted builder for the same and he said he has already paid 12% GST to government and now he can't pay me the refund. I have following questions: 1. Can I get refund 4% (12-8) of GST amount which I have paid. 2. What is the process?
Asked 4 years ago in GST
Hi
No you can't get refund for the same.
Dear Sir,
Hope you are doing well !!
Builder cannot be denied GST benefit merely because late receipt of subsidy from govt.
We may assist you in entire procedure.
It is advisable to take a phone consultation for detailed discussion.
Hi
The builder cannot amend the invoices or issue credit notes now in respect of transactions in FY 18-19. So, GST refund is not possible for the builder.
However, you may request the builder for partial refund from the builder's side.. to settle mutually to share additional GST costs.
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