GST on Flat, Goods and Services Tax - GST

[Prudhvi Jakkula]

Before 31-03-2019, can i pay 12% on some flats which are upto 60 sqm and 18% on remaining flats which are in the same building?

Posts / Replies

[KASTURI SETHI]

Option was required to be given to the department by 10.5.19 ? Have you given option ?

[KASTURI SETHI]

Pl. read '20.5.19' instead of 1'0.5.19'..

[Prudhvi Jakkula]

Yes sir, I selected previous option only. In that case can i pay 12%(Effectively 8%) on some flats and 18%( Effectively 12%) on remaining flats?

[KASTURI SETHI]

For ongoing projects you are to follow your option exercised. It is one time option for the whole project.You are to stick to your option for the whole project. It is 8% without ITC or 12% with ITC. You cannot adopt hybrid procedure.

[Prudhvi Jakkula]

Thank you very much sir.

[KASTURI SETHI]

Option between the two means to choose either this way or that way. Not both ways. 'Both ways' means no choice. Literal meaning of the word, 'option' : one thing that can be chosen from a set of possibilities,

[Ganeshan Kalyani]

Either of the option was to be chosen.