Concessional rates for builders
This query is : Resolved
CA AMIT JAKHWAL
(Querist)
25 September 2019
Hello Experts,
Here is my quick query.
A one time option was given to builders who have ongoing projects to opt for new rates i.e. 5%,1% without ITC.
I want to know whether this new scheme is a Composition Scheme for builders ?
Thanks in advance.
Here is my quick query.
A one time option was given to builders who have ongoing projects to opt for new rates i.e. 5%,1% without ITC.
I want to know whether this new scheme is a Composition Scheme for builders ?
Thanks in advance.
CA Anita Bhadra
(Expert)
25 September 2019
No , its not a composition scheme . Its a normal scheme with reduced rates.
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