• GST rate from 12% to 8% for PMAY and CLSS homes

Sir,

I have shown my builder the below documents however they are waiting for circular and askingto check with bank.
Moreover they are asking to proceed further with registration as only after registration bank will send the file for PMAY.

I am getting confused as builder should co-operate on this, they are going on saying "waiting for circular"  

http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-01-2018-cgst-rate-english.pdf 
http://www.cbec.gov.in/htdocs-cbec/press-release/press-release-new
Asked 6 years ago in GST

HI,

Any amendments proposed by the government shall not be applicable or become effective unless the notification or circular in respect of such amendment has been passed in the official gazette. Thats why the builder is still waiting for the same before extending any benefit out of it.

Thanks

Damini

Damini Agarwal
CA, Bangalore
407 Answers
31 Consultations

5.0 on 5.0

Wait till the circular gets notified by the govt.

Vivek Kumar Arora
CA, Delhi
4851 Answers
1046 Consultations

5.0 on 5.0

Take help of consultants or Advocate in these case.

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

5.0 on 5.0

Hello,

Sort it out with your builder if he will adjust the GST against your property dues after bank confirmation ?

Rohit R Sharma
CA, Mumbai
2104 Answers
95 Consultations

5.0 on 5.0

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