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GST on Flat, Goods and Services Tax - GST

Issue Id: - 115063
Dated: 11-6-2019
By:- Prudhvi Jakkula
GST on Flat

  • Contents

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?

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Showing Replies 1 to 7 of 7 Records

1 Dated: 11-6-2019
By:- KASTURI SETHI

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


2 Dated: 11-6-2019
By:- KASTURI SETHI

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


3 Dated: 12-6-2019
By:- 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?


4 Dated: 13-6-2019
By:- 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.


5 Dated: 13-6-2019
By:- Prudhvi Jakkula

Thank you very much sir.


6 Dated: 13-6-2019
By:- 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,


7 Dated: 14-6-2019
By:- Ganeshan Kalyani

Either of the option was to be chosen.


1

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