Client is a construction company into the business of development of residential complexes. They had a few ongoing sites wherein the construction was completed for more than 50% and there was stock in hand on 1st of July 2017.
India paved the way for GST rollout from 01st July 2017 onwards while GCC Countries as of only UAE and Saudi Arabia are implementing VAT from 01st January 2017.There might my major similarities between Indian GST and UAE VAT,still certain differences have been pointed in this article.
How the construction services will get restructured under GST law ? What will be the impact of GST on its profitability and cash flows? How can construction services would be eligible to take credit under transitional provisions?
The team studied the business impact with respect to provisions of GST. APMH got an expert from its team who has handled complex indirect tax matters for the real estate and construction business involved in the project
Ex Inspector of Central Excise
Specialised in : GST Advisory, Excise, Service Tax.
D-613/614, Neelkanth Business Park, Opp. Railway Station, Vidyavihar(W), Near Ghatkopar, Mumbai 400 086
Office no. 3, Nirlon Complex, Behind Hotel Trimurti, Roha-Kolad Road, Roha- Raigad Pin. 402 116.