Adeeb Cheulkar (18 Points)
04 April 2019Hi All,
I have a case with my friend where he is going to get benefits of reduced GST for under construction property. However, builder is giving a reason if he reduces the GST percentage from 8% to 5% then Government/Tax department will not give them input credit subsidiary.
1) What is input subsidiary here for developers?
2) Is that true statement about input subsidiary?
Appreciate the reply of CA gurus. Thanks
Priya Kashyap
(Student)
(7053 Points)
Replied 04 April 2019
prasad Nilugal
(3924 Points)
Replied 04 April 2019
Adeeb Cheulkar
(18 Points)
Replied 19 April 2019
| Originally posted by : Adeeb Cheulkar | ||
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Hi All, I have a case with my friend where he is going to get benefits of reduced GST for under construction property. However, builder is giving a reason if he reduces the GST percentage from 8% to 5% then Government/Tax department will not give them input credit subsidiary. 1) What is input subsidiary here for developers? 2) Is that true statement about input subsidiary? Appreciate the reply of CA gurus. Thanks |
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