Gst on Real Estate Sector
Sumit Mondal (25 Points)
12 June 2019Sumit Mondal (25 Points)
12 June 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178376 Points)
Replied 13 June 2019
No, unless amended in future.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 13 June 2019
In the provisions, we do not see this option. However, in new laws- one challenge which remains is IF IT IS ARBITRARY, UNREASONABLE, AGAINST THE FUNDAMENTAL RIGHTS ENSHRINED IN THE CONSTITUTION- ART- 14 ( EQUALITY) OR 19(1) (G) RIGHT TO BUSINESS)
It is also a fact that the govt issued a second round of clarification on the subject a few days before 20th deadline.
Two ways in which the issue can be resolved. Push thru the trade assn/ CREDAI for an extension request to GST council. File writs. In the meantime file the option as soon as possible to put on record.