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Profile photo of Rushabh WaniRushabh Wani asked 6 months ago

REAL ESTATE GST

I booked one flat in Jan with an agreement value of 57 lakh +stamp duty+registration with 12% GST.
But after 1st April there will be developed charged 5% and increased rate of agreement value from 57 to 61 Lakh, o they will not pass on GST benifibe to us,
So is it right or wrong please guide?

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1 Answers
Profile photo of Consultease AdministratorConsultease Administrator answered 6 months ago

It is right on the part of developer. In case of 5% tax they will lose the right on ITC so its normal to increase the prie.