TMI BlogWhat will be GST rates on pending payments for house purchaseX X X X Extracts X X X X X X X X Extracts X X X X ..... I booked a house in June 2016, for amount say ₹ 50L,and paid ₹ 10% of the total value that is 5L to book house. I paid 12% GST charges on booking amount that is 5 Lakhs. Now as building ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is completed, builder asked me to pay rest 45 Lakh plus GST and final demand note for ₹ 45L plus GST at the rate of 12%. As layman, what I understood from GST counsel decision on 24th Feb 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19, now 5% GST will be applicable on house. So, should I defer the balance payment ie 45 Lakh till 1st April, so as to get GST cut benefit. - Reply By KASTURI SETHI - The Reply = In such cases, no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tification will be prospective and not retrospective. True picture will come only after issuance of notification. - What will be GST rates on pending payments for house purchase - Query Started By: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Amit Agarwal Dated:- 25-2-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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