TMI BlogGST on FlatX X X X Extracts X X X X X X X X Extracts X X X X ..... 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? - Reply By KASTURI SETHI - The Reply = Option was required to be given to the department by 10.5.19 ? Have you given option ? - Reply By KASTURI SETHI - The Reply = Pl. read '20.5.19' instead of 1'0.5.19'.. - Reply By Prudhvi Jakkula - The Reply = Y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es 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? - Reply By KASTURI SETHI - The Reply = 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 ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnot adopt hybrid procedure. - Reply By Prudhvi Jakkula - The Reply = Thank you very much sir. - Reply By KASTURI SETHI - The Reply = 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, - Reply By Ganeshan Ka ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lyani - The Reply = Either of the option was to be chosen. - GST on Flat - Query Started By: - Prudhvi Jakkula Dated:- 11-6-2019 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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