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Update Category: GST FAQ for Real Estate Sectors and Deferment of Implementation of GST details in FORM 3CD
Update Source: FAQ issued by CBIC and Order Issued by CBDT
Release No.: TM/GST/033 dated 16th May 2019

A. CBIC has released 2 sets of FAQ on Real Estate on new GST Rate Structure:

There has been number of issues reported by various stake holders on the new GST Rate Structure for Real Estate Sector. Considering the issues, CBIC has issued compilation of 2 sets of FAQ for the guidance and easy understanding of all stake holders in the real estate sectors. Same may be viewed and downloaded by clicking on the below link:

  1. F.No 354/32/2019 - TRU dated 7th May 2019 (FAQ Series 1 - 41 FAQs) 
  2. F.No 354/32/2019 - TRU dated 14th May 2019 (FAQ Series 2 - 27 FAQs) 

Note: The answers to the FAQs have been given in simple language for guidance and easy understanding of all stakeholders in the real estate sector. They do not have force of law. In case of conflict, the gazette notifications, which have legal force, shall have precedence.

B. CBDT issues Order for deferment of Implementation of GAAR and GST Compliance in FORM 3CD:

CBDT vide its Order No. F. No. 370142/9/2018-TPL - Circular No 9/2019 dated 14th May 2019 has deferred the implementation of clause 30C (Pertaining to General Anti-Avoidance Rules (GAAR) and Clause 44 (pertaining to Goods and Services Tax (GST) Compliance) in form 3CD to 31st March 2020. The order can be accessed by clicking on the below link:

F. No. 370142/9/2018-TPL - Circular No 9/2019 dated 14th May 2019 - https://www.incometaxindia.gov.in/communications/circular/circular_9_2019.pdf

Note: This is for information only. For exact details of changes, the notification/Circular may please be referred to, as and when they are issued.

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