Builder pulled up for not passing GST gain to buyers http://bit.ly/2WOI8cF - Walletnews For Me

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Monday, June 17, 2019

Builder pulled up for not passing GST gain to buyers http://bit.ly/2WOI8cF

Nearly two years after the launch of GST, several builders have not passed on the benefit of credits earned for taxes paid on inputs such as steel, cement and paint, arguing that the amount will be settled at the time of delivery. Now, the National Anti-Profiteering Authority has held that homebuyers cannot endlessly wait to get the benefit of the input tax credit.
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