19, March 2019

Goods and service tax Council   News Flash The GST council met today to clarify on the taxation of real estate projects, among other things. The Council will finalise the rules regarding the already availed Input Tax Credit (ITC) by real estate developers for under-construction projects before the new tax rates come into force from the next financial year.   New announcements GST on under-construction projects will be slashed from 12% to 5%. And on…

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