Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to IGST Rates for Real Estate Services from April 2019: New Rates for Residential and Commercial Projects.</h1> The notification amends Notification No. 8/2017-Integrated Tax (Rate) to update the Integrated Goods and Services Tax (IGST) rates for services in the real estate sector, effective from April 1, 2019. It specifies IGST rates for various types of construction, including affordable and non-affordable residential apartments, commercial apartments, and real estate projects. The notification outlines conditions for input tax credit and tax payment on reverse charge basis, particularly when inputs are procured from unregistered suppliers. It also details the calculation methods for input tax credit and provides examples to clarify the application of these rules.