When you purchase a ready-to-move-in apartment, there is no GST due. Unless the tenant is a business company, landlords are exempt from GST obligations. Stamp duty and registration fees are separate from GST; you must still pay them when purchasing real estate.
The property is not ready to move into if he is requesting that the buyer pay GST. He would have been unable to obtain the required occupancy certificate.
So you can request a refund of your money. And if the builder refuses to do so, you can complain about it to the relevant authority to get it back.
Know how to take a refund of your GST amount from the experts at NoBroker. Read More: Is GST applicable for ready-to-move-in flats?Your Feedback Matters! How was this Answer?
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I purchased an apartment in Hyderabad and got it registered. The builder has imposed a 5% GST now but the complex has already obtained an OC. As I understand No GST Is applicable on ready-to-occupy flats am I correct? If so what is the legal recourse to recover the money?
mallik
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2023-02-21T09:31:42+00:00 2023-04-12T03:49:20+00:00Comment
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