Advance Tax Payment and GST

Hi,
I had purchased a flat and registered the same. However it is still in construction. At the time of registration complete service and VAT was collected from me. The final installments is still due. Will GST come into play in my case?

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1 Answer(s)

Dear Dakshat … GSt may be applicable for the Balance portion of payment to be done As you have already paid the builder the VAT+ Service Tax on the portion of work as on date . But still  as its a New tax there are confusion and clarification are awaited from government.

TaxIQ Answered on June 19, 2017.
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