| Address: | Gautam Buddh Nagar, Uttar Pradesh |
Hello sir,
I am also an allottee of 29.76 sqm flat under economically weaker section in sector mu-2 in bhs-16 scheme from gnida (Greater noida industrial development authority). These flats were allotted in the year 2013 on 14 installments with 12% interest rate. Now gnida authority has started charging 18% gst on principal and it's interest part. As per the rule there is no gst as we paid the total money on 2013 and now we are paying only the loan. Also as per the gst rule under construction property attract has 12% gst on principal part only. On which basis gnida is charing 18% both on principal and interest? If there is any such rule please share the rule? In this rule we are paying 12% +18% =30%. Even luxury items attract only 28% gst.
Regards,
Piyush
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