Menu
GST : REAL ESTATE
In case of real estate, if new rate is opted (Annexure IV not submitted by 20.05.2019) then what should be the treatment of ITC balance available at portal ?
Replies (3)
Can be adjusted over already sold units, as and when payment gets due based on construction completion. Finally any unused amount gets lapsed.
unused amount to be lapsed.? we need to reverse through 3B ?
Yes.
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
