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GSt on builders
why 5 % of gst is being proposed on the under construction buildings without any ITC?
Replies (2)
VAT was charged @ 1% on agreement value under builder composition scheme
it depends upon net average tax payable by builder, study is carried out committee appointed by government
under GST regime government estimated about net tax liability at 5% it may very
yes , they are planning to reduce tax rate to boost up real estate sector.
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