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GST on Flat
3 years ago
I have booked a 1-bhk flat in Lucknow in the project BCC Greens in March 2017. Have taken a bank loan on it. The flat was not completed till date and the builder were after me for getting the registry done. One of their building of 2bhk is completed in the same project and they are giving possession without OC, so I upgraded to the same. Closed the previous loan and taken new loan on the same in Feb 2021. Now the builder is asking for GSt @ 12%. Property cost in registry is 32,64,185. Am I liable to pay Gst @ 12%. Can I ask for ITC. If yes, how?
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