Gst slab after 1st april 2019
This query is : Open
Manish Sheth
(Querist)
11 July 2019
Can builder charge 12% GST for payments received upto 31.03.2019 & 5% from 01.04.2019 for under construction flats ?
CA Anita Bhadra
(Expert)
11 July 2019
Builder had given one time option , if builder opted for old rate (12%) on ongoing project , he will charge 12% even after 01.04.2019.
If he has not exercised the option , he has to charge 5% w.e.f 01 April 2019
If he has not exercised the option , he has to charge 5% w.e.f 01 April 2019
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