Pulkit Kumar
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ITC refund from builder on commercial property
Q: How can get refund from builder who is charging me 12%gst on under construction commercial property.He said that he is filing ITC but he is not getting refund from govt.

My replies to this discussion
As per the latest GST rules on the real estate, the current GST rate on the under-construction property is 5% and 1% on the affordable segment. Here ITC is not available. The builder is wrongly charging you 12% GST which is old rate, not applicable now.As per the latest GST rules on the real estate, the current GST rate on the under-construction property is 5% and 1% on the affordable segment. Here ITC is not available. The builder is wrongly charging you 12% GST which is old rate, not applicable now.
My comments to replies
Thanks But what about commercial property?
Ok, Rajan, you go to this link and you will get every info:- https://www.e-startupindia.com/blog/5-things-to-remember-on-new-gst-rates-for-real-estate-sector/10360.html https://www.e-startupindia.com/blog/all-about-gst-on-rental-income-from-commercial-property/10439.html
9th November 2019

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