Builder need not refund GST to defaulting flat buyer: Tribunal

Kolkata: The West Bengal Real Estate Appellate Tribunal has ruled that a real estate promoter is not required to refund Goods and Services Tax (GST) already paid to the government to a flat buyer when an agreement for sale is cancelled due to the buyer’s default. The tribunal held that such GST is refundable to the buyer under the GST law through the prescribed statutory mechanism, and not by the…