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Real estate developers

Harsh Dwivedi (Service) (69 Points)

01 May 2019

How real estate developers opt for new scheme of 1% by reversing credit under GST.

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CA Shikha Sharma (Ceo) (3869 Points)
Replied 01 May 2019

in case of under-constructiom if affordable homes choose existing 8% and new rae 1%_- any

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Harsh Dwivedi (Service) (69 Points)
Replied 01 May 2019

My question is how intimate government about adopting new scheme

CA Shikha Sharma (Ceo) (3869 Points)
Replied 01 May 2019

effective from 01.04.19
1% fOR EWS/affordable housing

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Harsh Dwivedi (Service) (69 Points)
Replied 01 May 2019

I very well know the provision but how I intimate government that I want to adopt new scheme and how I reverse credit

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 02 May 2019

Those who want to continue with old scheme have option to
exercised in Form at annexure IV by the
10th of May, 2019 ,
So those who opted for new scheme is no need to inform or intimate .

For more detail Kindly refer Notification 3/2019 CT (r)

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