Itc on gst paid on real estate
This query is : Resolved
25 February 2019
Dear experts,
Gst has been reduced to 1% and 5% from 8% & 12% on under construction property. Does builder get benifit of input tax credit on this?
What if I have already paid gst at 5% or 8% on property? Now can I get benefit of these reduced rate as a buyer of property?
Thanks in advance.
Gst has been reduced to 1% and 5% from 8% & 12% on under construction property. Does builder get benifit of input tax credit on this?
What if I have already paid gst at 5% or 8% on property? Now can I get benefit of these reduced rate as a buyer of property?
Thanks in advance.
Guest
Guest
(Expert)
28 February 2019
Rules regarding treatment for on going projects will be released by the Government on 10 March 2019.
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