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    <title>Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council for real estate sector.</title>
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    <description>The amendment prescribes differentiated UTGST rates for construction and related works in REP and RREP, sets project-wise transitional ITC calculations (Tx and Te) based on aggregate ITC, carpet area, booking, invoicing and percentage completion, requires separate computation for tax components, mandates reporting and payment for shortfalls from unregistered suppliers including reverse charge treatment for certain inputs, and provides a one-time electoral mechanism for promoters to opt into alternate tax rates with specified procedural requirements.</description>
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    <pubDate>Fri, 29 Mar 2019 00:00:00 +0530</pubDate>
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