Tag: gst on real estate
Payment of GST by real estate developer supplying construction of residential apartment etc. on shortfall value of inward supplies at end of financial year Instruction No. 3/2/2020-GST F. No. 354/32/2019-TRUGovernment of IndiaMinistry of FinanceDepartment of Revenue(Tax research Unit)***** Room No. 146G, North Block, New Delhi, 24th June, 2020 ToThe Principal Chief Commissioners / …
CBIC issues Part II of FAQ on new GST rate structure notified for real estate sector F. No. 354/32/2019-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated the 14th May, 2019, New Delhi Subject: FAQs (Part II) on real estate- reg. A number …
Option for residential real estate project to choose old GST rate or to avail new GST rate extended to 20.05.2019 from 10.05.2019 The date for exercising the option for residential real estate project to either stay at old GST rate (8% or 12% with ITC) or to avail …
FAQ on GST on real estate to answer questions regarding new GST rate structure notified wef 01-04-2019. Compilation of 41 Frequently Asked Questions by CBIC F. No. 354/32/2019-TRUGovernment of IndiaMinistry of FinanceDepartment of Revenue(Tax Research Unit) Dated the 7th May, 2019, New Delhi Subject: FAQs on real estate- …
GST on real estate sector-CBIC issues Notifications / Orders to give effect to decisions of GST Council CBIC has issued various notifications / Orders to give effect to the decisions taken in the 34th meeting of GST Council related to GST on real estate sector. The details of …
Key Recommendations of the 33rd GST Council meeting on real estate sector. GST Rates, effective date, affordable housing, tax on development rights etc. Key Recommendations of the 33rd GST Council meeting Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity …
GST Council 33rd Meeting decisions-reduction in tax on sales of residential properties under construction.to 5 %. Definition of affordable housing altered The Union Minister of Finance & Corporate Affairs, Arun Jaitely chaired the 33rd GST Council Meeting which was held in New Delhi. The Meeting is being attended …