Builder asking for GST, do I have to pay GST to builder?
I bought a house in 2016. It has been registered on 3 July 2017. The builder is now asking for GST. Do I to pay GST to the builder or Bank? It offers 90% loan and 10% check payment. And, a 10% check payment given to builder on 28th June.
If construction is still going on and even payment is pending, then GST will be applicable on each instalment paid to the builder. If you have taken bank loan then GST is not payable to the bank. Or anybody. They will not ask you not pay GST as they must have paid the amount to the builder when you had taken the loan.