for commercial portion charge gst at 12 %
how many ITC taken
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ITC on mix real estate project
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Quick Summary
Cannot get your query , plz elaborate...
In real estate project 50 residential units and 50 commercial units
on residential units gst at 5%\1%
and on commercial units 12 % with ITC
how to take ITC on commercial units any rule provision
on residential units gst at 5%\1%
and on commercial units 12 % with ITC
how to take ITC on commercial units any rule provision
Yes you need to follow the provision of Section 17(2) R/w Rule 42 of CGST Act .
You need to avail ITC on inward supply proportionately being used in construction of Commercial Unit.
You need to avail ITC on inward supply proportionately being used in construction of Commercial Unit.
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