GST Rate for Building TSIIC Administrative Office Increases to 9% Post Jan 2022 Due to Policy Update.

GST Rate for Building TSIIC Administrative Office Increases to 9% Post Jan 2022 Due to Policy Update. https://www.taxtmi.com/highlights?id=62291 Availability of concessional rate of GST - works contracts - the works contract executed by the applicant for construction of Administrative building for TSIIC falls under Sr No. 3(vi) of Notification No. 11/2017-CT (Rate) as amended till date and therefore taxable at the rate of 6% under CGST & SGST each. However for works executed from 01-01-2022, the rate shall be 9% under CGST & SGST each as the Phrase ‘Governmental authority or Governmental entity’ is excluded, vide notification Number. 15/2021, dated.18.11.2021. - AAR en-us Fri, 04 Mar 2022 11:49:41 +0530 Fri, 04 Mar 2022 11:49:41 +0530 TaxTMI RSS Generator GST Rate for Building TSIIC Administrative Office Increases to 9% Post Jan 2022 Due to Policy Update. https://www.taxtmi.com/highlights?id=62291 Availability of concessional rate of GST - works contracts - the works contract executed by the applicant for construction of Administrative building for TSIIC falls under Sr No. 3(vi) of Notification No. 11/2017-CT (Rate) as amended till date and therefore taxable at the rate of 6% under CGST & SGST each. However for works executed from 01-01-2022, the rate shall be 9% under CGST & SGST each as the Phrase ‘Governmental authority or Governmental entity’ is excluded, vide notification Number. 15/2021, dated.18.11.2021. - AAR Highlights GST Fri, 04 Mar 2022 11:49:41 +0530 https://www.taxtmi.com/highlights?id=62291