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Transparency of input tax credit gst on flat

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Transparency of input tax credit gst on flat

Last updated: November 21 2018
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  • Transparency of input tax credit gst on flat

    Hi all,

    I had booked 2 BHK flat and got registration done in September 2018 and paid 20% amount before GST implication. Now the builder is charging me 12% GST on balance 80% amount as per GST rule.

    Now the balance 80% amount is approx 88 lakhs and GST on the amount is approx 10.5 lakhs.

    Builder is passing ITC of 1.5 lakhs so the net tax comes after deduction is 9 lakhs.

    I have a query regarding the transparency on the FULL ITC being passed by builder to me? How can I cross check the GST he paid on raw materials is being given to me for my flat?

    Kindly help on this guys.
    Last edited November 21 2018, 11:49 PM.
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