Gst rate for pmay clss loan (for fy 19)
This query is : Open
aravinda kumar
(Querist)
08 May 2019
I booked a under construction flat in June 2018 and applied for the PMAY subsidy in December 2018 through axis Bank, axis Bank has scrutinised my application and moved it to NHB for dispursal of subsidy but pending with Nhb yet.
I had been approached by the builder to get a letter from the bank to confirm that they pmay scheme is approved for my loan before 15th of this month failing to do so will loose my eligibility for reduced Gst rate (from 12% to 8%) as financial year'19 Is over.. Is it true that I can't get GST Waiver because of financial year change..
I had been approached by the builder to get a letter from the bank to confirm that they pmay scheme is approved for my loan before 15th of this month failing to do so will loose my eligibility for reduced Gst rate (from 12% to 8%) as financial year'19 Is over.. Is it true that I can't get GST Waiver because of financial year change..
CA Altamush Zafar
(Expert)
09 May 2019
No, you will get benefit from the beginning.
There is a clarification regarding this. You can search it on the internet.
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aravinda kumar
(Querist)
09 May 2019
Any reference or guidance on the above matter would be much appreciated
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