GST ON COMMERCIAL REAL ESTATE PROJECTS
muntazir iqbal patel (student) (27 Points)
31 March 2019
what are provisions relating to commercial real estate projects under Gst
3 Replies
Priya Kashyap
(Student)
(7053 Points)
Replied 31 March 2019
with effect from tomorrow new provisions shall apply refer article
muntazir iqbal patel
(student)
(27 Points)
Replied 31 March 2019
it is for residential projects. what about commercial projects
Priya Kashyap
(Student)
(7053 Points)
Replied 31 March 2019
The GST Council has now permitted real estate developers to exercise one time option between old GST rates and the new ones for under-construction residential projects to help resolve issues pertaining to input tax credit. This, as per real estate experts, will provide flexibility to realtors to go for the best possible tax option
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