Challenging Case Studies.
GST is already on and we all would have filed multiple returns as well. We all have been going through the anxiety and agony of GST for a while now. At this juncture, we all would be feeling a need of coming together and sharing issues and insights
In its 33rd meeting held on 24 February 2019, the GST Council has recommended reduction in GST rates for under-construction residential properties. The GST Council has proposed a slab rate of 1% for the affordable housing segment and a slab rate of 5% in all other housing segments without benefit of the input tax credit (ITC) of GST paid on the inward supplies of goods and services. The change in rate is proposed to be made effective from 1 April 2019.
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