Whether GST is applicable on forfeited booking on cancelled flat booking advance paid to the Builder.What rate is?
Reply— As per advance ruling pronounced by AAR maharshtra in matter of M/S. Kolte patil DEVELOPERS LTD dated 24.09.2018, cancellation with retention of some amount is being considered as a service and GST is being discharged in respect of the same.
Posted Date: Aug 27, 2019