Real estate in gst rcm

Tanuj Chandra Saxenaa (Company Secretary) (7085 Points)

28 December 2021  
One on going Real Estate Project who have opted for old scheme Whether ITC has to be reversed for exempted supply (i.e. sold after Completion Certificate) or Promoter has to pay tax under RCM after the period 01.04.2019??

Also if reversal takes place it is on the basis of valuation or area ratio??