REAL ESTATE SECTOR

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..... REAL ESTATE SECTOR
Query (Issue) Started By: - Sasi Kumar Dated:- 25-8-2022 Last Reply Date:- 27-8-2022 Goods and Services Tax - GST
Got 2 Replies
GST
Hello sirs/madam, Whether RCM CREDI .....

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..... T 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 clar .....

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..... ify. Thank you. Reply By Shilpi Jain: The Reply: 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 Reply By Ganeshan .....

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..... Kalyani: The Reply: 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 .....

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Discussion Forum - Knowledge Sharing .....

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