If you reach an agreement to transfer your rights to the basic property to a third party, the developer being the confirming partner, your sale price would include the GST and you will not be able to recover or charge a GST separately in such a transaction. In calculating capital gains, the GST already paid by you, you will be included in the acquisition cost. Capital gains are taxable in the long term if your holding period is three years, or the profits, if realized, are taxed as short-term capital gains. 2. If the supplier receives an advance for a service contract that was later terminated. The supplier issued a release voucher and paid the GST for the advance received. Can he demand reimbursement of taxes paid in advance or if he is required to adjust his tax debt on his returns? Empty refund forms available to you must be kept securely. You can receive them from taxes Office.In in case of abuse or invalid claims, you are responsible for all GST due and you can also be removed from the system. Download a guide for the gst visitor reimbursement scheme (size 39kb) Sir, I have the investment advice of a company that was sold to me with unfair means.
When I complained to SEBI the company agreed to refund the amount of tax on the deduction with the refund. So please tell me if this is true or I am entitled to get the most refund, or I have to claim the refund as quickly as possible on my own account. When you reserve a sub-construction property, in accordance with applicable laws, the developer applies a GST on the contract value at a specified rate. This rate depends on whether or not the property falls into the “affordable housing” category and whether the developer uses the input credit. For some reason, if you wish to cancel the booking and thus waive your rights to the basic property, the owner may agree to refund the amount of the booking and the payments paid, or even agree to pay you a higher amount depending on the dynamics of demand and supply at that time. Although the developer may have collected GST from you, he may or may not agree to repay this amount, as he may have already paid the amount on the government loan. The owner is not allowed to claim a refund from the GST, as he has already provided you with services. If you intend to deduct an amount from the refund to cover administrative costs, this must be explained to the visitor at the place of sale in order to avoid any confusion or claim. The GST tax for these administrative costs would be assessed at zero. In the event of termination of a deal for the purchase of a property for which the agreements have already been registered, the Maharashtra government authorizes a longer period of two years from the date of the agreement, for the claim of the refund of stamp duty, under certain conditions.