Hi,
When will the government finalize, that certain GST % will be levied on which products?
3 Replies
Dilip Darji
(10 Points)
Replied 04 April 2017
I understand that as per Mr.Adhia, it will be decided on last day that it could be around 30 th June, unlike the rates were being declared in Budget.
Murali
(Accountant)
(26 Points)
Replied 05 April 2017
What about composition scheme taxation(Builders) ? they will get input tax credit ?
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 05 April 2017
Composition scheme is not available for builders. They shall be required to pay full GST. Off course they shall get credit on inward supplies. I expect that rate of GST shall be fixed on lower side for construction services.
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