You can now recover GST paid on under-construction property if the deal is called off

At its meeting on December 17, the Goods and Services Tax (GST) Council made some recommendations that will have wide ramifications. Among other things, it will help a lot of homebuyers, especially those who opt for under-construction properties. The council recommended that the GST rules be amended to allow a buyer to file an application for refund in cases where the contract or agreement for sup…