Builder-->gst rate 12% with itc v/s. 5% for new scheme without itc
This query is : Resolved
15 October 2022
builder had filed letter in march 2019 opting for old scheme. is that old 12% scheme applicable for all project or can he opt for new 5% scheme for new project?
i feel its applicable for all projects, but then it sounds unfair, what if he wants new 5% scheme for new project?
regardsca kunjan
i feel its applicable for all projects, but then it sounds unfair, what if he wants new 5% scheme for new project?
regardsca kunjan
CA R SEETHARAMAN
(Expert)
15 October 2022
Yes, he can opt for new 5% scheme for new project.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Royalty payments to the Mining Department for procurement of murum - GST input
- IMS (import of goods) ITC related
- Applicability of tax on invoice
- Gift to nri relatives residing in usa
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
