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
| 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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