GST application on residential Property transfer in under construction

- GST is payable on difference amount as it is an internal adjustment.

Hi,

Logically you are right but the builder will also right to charge GST on 3BHK.

Let's Take a example:

2BHK @ 1,18,000 (i.e. 1L plus 18% GST)

3BHK @ 2,36,000 (i.e. 2L plus 18% GST)

You paid 80% of 2BHK i.e.  Rs.94,400 (Rs.1,18,000*80%)

Now you have to pay Rs.1,41,600 (i.e. Rs.2,36,000 - Rs.94,400) for 3BHK.

See you losing money if you pay like the above procedure.

I hope your query is resolved, if still need help, please feel free to ask.

Regards

Dear Sir,

Gst amount will be payable only on the balance payment to be made to the builder as gst has already been paid on the amount paid earlier. Accordingly now gst will be payable only on the balance payment.

Thanks & Regards

Shiv Kumar Agarwal

Dear Sir,

Hope you are doing well !!

You need to pay the GST only on the balance amount.

It is advisable to take a phone consultation for detailed discussion.

Hello,

Since you have already paid GST on the price of 2.5 BHK Flat, now you would be required to pay GST on the additional amount only.

I hope this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Hi

As per my understanding you need pay GST on difference amount.

I dont think thats fair because you are technically cancelling your previous service and hence he will get refund of That GST so he should either give you refund of that and then ask for new GST or set off the GST paid earlier in this GST.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you.