Categories: Business News

New GST structure for real estate: A big relief for developers

– Mr. Madhusudhan G, Chairman and MD, Sumadhura Group

New Delhi, March 20, 2019: “The latest GST announcement certainly favours the developer community by making it flexible – to choose between old GST rates with input tax credit (ITC) or the new reduced GST rate of 5 per cent without ITC. Also, this new tax structure for real estate solves the transition issues on ITC for the ongoing projects and is a big relief for developers.”

Corporate Comm India(CCI Newswire)

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Tags: DevelopersGST announcementGST structureInput Tax Credit (ITC)ITCreal estateThepropertytimes.in
7 years ago

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