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Abatement for under-construction building
Will there be abatement for under construction building under GST as we have currently in Service tax Act ?
Replies (2)
No there is no abatment is GST Act
You have to charge 12% of GST as per ACT
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly.
[The value of land is included in the amount charged from the service recipient]
No there is no abatment is GST Act
You have to charge 12% of GST as per ACT
Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly.
[The value of land is included in the amount charged from the service recipient]
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