GST rebate on premium lot

[szchsong]

Please help to look at if it is reasonable.
I buy a premium lot and it label $4000. When sign contract, it cost $4000+$153(GST). But all GST rebate(for premium lot and regular house price) is back to builder. This is to say, I pay $4153 to the premium lot.

I have a form(from builder) to show : the base price, updating price, premium lot price, how to calculate GST rebate etc. Please let me know if interested.

 

[kentridge]

i am interested

pls let me know.... thanks

 

[greensnake]

i am confusing about that too. any explanation?

 

[szchsong]

Below is the form from builder and the form of what should be reasonable.

The house pricing $326,900.00,
Updates: $270
Premium lot: $4000
Builder charges me GST for premium lot, but they get GST rebate ($153). Help, please.


********************************************************************
What Builder gave:

With GST(A) Without GST(B)
1.Purchase $ with Gst $326,900.00 $314,811.25
2.Land Premium $4,000.00
3.UPdates $270.00 $260.02
4.Sum with Gst $331,323.60 $319,071.26
5.Price Offered $331,323.60 $319,071.26
6.Difference $0.00 $12,252.34

formalu:
1b=1a/1.0384,
3b=3a/1.0384,
4b=1b+2b+3b
4a=3b*1.0384
6b=4a-4b

*************************************************************************
Expect

With GST(A) Without GST(B)

1.Purchase $ with Gst $326,900.00 $314,811.25
2.Land Premium $4000 $4,000.00
3.Update with Gst $270.00 $260.02
4.Sum with Gst $331,170.00 $319,071.26
5.Price Offered $331,170.00 $319,071.26
6.Difference $0.00 $12,098.74
formalu:
1b=1a/1.0384,
2a=2b
3b=3a/1.0384,
4b=1b+2b+3b
4a=1a+2a+3a
6b=4a-4b