Sales Return- Real Estate Developer

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....ales Return- Real Estate Developer<br> Query (Issue) Started By: - Vamsi Krishna Dated:- 25-7-2017 Last Reply Date:- 24-7-2018 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Hello sir We are ....

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....engaged in the construction of Flats (Hyd, Telangana) and by June&#39;17 we have raised Invoices against sale of flats from customers based on various mile stones as per Agreement of sale and discharg....

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....ed Service tax @ 4.5% (availing 26/2012 notification) and 1.25% of VAT. Few of the flats booked in 2015-16 & 2016-17 are now being cancelled by customers, we have completed 80% of the construction an....

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....d yet to receive Occupancy Certificate ( Completion certificate). Now in the month of July&#39;17 , shall i raise Credit note and reverse both the ST & VAT credit and claim refund. And if so ,, a) ....

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....Can i claim the refund of VAT as SGST and ST as CGST ? b) Can i claim refund even for the flats for which ST has been paid in 2015-16 ? ( 6 months prior to the appointed day has been given in the tra....

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....nsitional provisions). Can any expert share views ... Thanks .. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Have you got clarified in this issue? If no please inform.<br> Discussion Forum - Kn....

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....owledge Sharing ....