TO APPLY FOR CONTINUE TO PAY OLD GST RATES INSTEAD OF 5% GST WITHOUT ITC FOR NON AFFORDABLE HOMES IS THERE ONLINE FACILITY TO OPT FOR THE SAME
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How to opt for continuing to pay at old gst rates for flat sales
Replies (6)
Now it is not possible. You should compulsorily pay at 5% or 1% only.
The Due Date has already expired. The last date to submit the form for opting old GST Rates with ITC for the ongoing Real Estate Project was initially 10th May 2019 which was further extended to 20th May 2019.
In case, realtors do not exercise the option, they will be covered under the lower tax rate of 5 per cent and 1 per cent with effect from April 1, 2019, and will not be entitled to avail tax credit on inputs.
Warm Regards.
In case, realtors do not exercise the option, they will be covered under the lower tax rate of 5 per cent and 1 per cent with effect from April 1, 2019, and will not be entitled to avail tax credit on inputs.
Warm Regards.
My client has given option letter to state jurisdiction office .Is it ok or any online intimation is there.
Your client gave it now ???
in april itself he submitted opiton letter to continue with old rates. But is there any online facility to opt for it
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