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Concessional rates for builders

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(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.
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
25 September 2019 No , its not a composition scheme . Its a normal scheme with reduced rates.

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