I need help with some advice, please?
Basically, I bought a newly launched condo BEFORE GST was being announced and implemented. It was under the DIBS scheme and I only need to pay 5% downpayment upfront. And I actually double and triple confirmed with the sales person, that I will not be charged GST and she said definitely not, because I sign the S&P agreement BEFORE GST was implemented.
Now (after more than 2 years), it's time for me to pay the remaining 5%. And guess what????? I am being charged GST!!!! Apparently, this is because the property I bought is under Commercial status even though it's a residential condo. But I reconfirmed with developer during signing of S&P and they assured me that I will NOT be charged because I sign S&P before GST implementation!!!!!!!
Please advice! :(