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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

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Priya Kashyap (Student) (7048 Points)
Replied 31 March 2019

with effect from tomorrow new provisions shall apply refer article

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muntazir iqbal patel (student) (27 Points)
Replied 31 March 2019

it is for residential projects. what about commercial projects

Priya Kashyap (Student) (7048 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