GST council – Cyril Amarchand Mangaldas

Mekhla Anand, Partner, Cyril Amarchand Mangaldas

New Delhi, March 20, 2019: “By making the new tax rates optional for residential projects under construction, the 34th GST Council has effectively addressed apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits, pricing etc. that were bound to arise on account of the change. Providing a reasonable time period for transition based on consultation with various States and the industry also signifies a GST regime which is evolving in its industry and consumer focus.”

Corporate Comm India(CCI Newswire)