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>New GST Amendments: Landowner-Promoters Can Use Tax Credits; 2.5% Rate for Ship Repair Services Effective June 2, 2021.</h1> The notification amends Notification No. 11/2017-Central Tax (Rate) to update CGST rates for various services based on recommendations from the GST Council's 43rd meeting on May 28, 2021. Effective June 2, 2021, the amendments include allowing landowner-promoters to utilize tax credits for apartments supplied by them. Additionally, a new entry for maintenance, repair, or overhaul services related to ships and vessels is introduced with a 2.5% rate. This notification, issued by the Ministry of Finance, follows previous amendments and aims to adjust tax rates in the public interest.