What will be GST rates on pending payments for house purchase

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..... What will be GST rates on pending payments for house purchase
Query (Issue) Started By: - Amit Agarwal Dated:- 25-2-2019 Last Reply Date:- 25-2-2019 Goods and Services Tax - GST
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..... GST
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 bui .....

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..... lding 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 .....

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..... 2019, 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, notif .....

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..... ication will be prospective and not retrospective. True picture will come only after issuance of notification.
Discussion Forum - Knowledge Sharing .....

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