GST on New property
2 years ago
Is it safe to show less carpet area( 59.99) to save GST amount.
Now my GST cost is 5% but as per builder suggestion i can give only 1% of GST if i am showing lesser carpet area.
is it safe.
A.Dear Client,
If you indicate less carpet area to minimise GST payment, it may have an impact in the future. If you display less carpet area, you may receive a GST discount, but your ownership will be limited and you will not be able to claim greater area. Let us know if you require any further assistance.
Thank you!
If you indicate less carpet area to minimise GST payment, it may have an impact in the future. If you display less carpet area, you may receive a GST discount, but your ownership will be limited and you will not be able to claim greater area. Let us know if you require any further assistance.
Thank you!
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A.Dear Sir,
It may effect in future if you show less carpet area to avoid GST payment. You may get discount in payment of GST if you show less carpet area but your ownership will be restricted to 59.99 only and you cannot claim more area.
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