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.
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