REAL ESTATE SECTOR, Goods and Services Tax - GST

[Sasi Kumar]

Hello sirs/madam,

Whether RCM CREDIT could be availed under new scheme / condition of tax rates (1% or 5%) for REP projects without ITC applicable from 01.04.2019?? Whether ITC & RCM credit are different in this scenario??

Kindly clarify. Thank you.

Posts / Replies

[Shilpi Jain]

Where the condition in the statute is that ITC is not available then the credit of taxes paid under RCM will also not be available

[Ganeshan Kalyani]

Sir, under new scheme of real estate project the input tax credit is not allowed. Input tax credit includes credit on inward supplies other than RCM and inward supplies under RCM.