https://www.taxtmi.com/caselaws?id=769090 AAR Maharashtra ruled that a new promoter acquiring a residential project must continue with the GST rate option previously exercised by the original promoter. The original promoter had opted for 12% GST with input tax credit under Notification 3/2019. The AAR held that the one-time GST rate option is project-specific, not promoter-specific, ensuring uniform tax treatment throughout the project's lifespan. The applicant cannot discharge GST at 5% without input tax credit and must apply the 12% rate with input tax credit for all sales, both existing and new buyers, maintaining consistency across the entire project. en-us Thu, 27 Mar 2025 00:00:00 +0530 Thu, 05 Jun 2025 21:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769090 AAR Maharashtra ruled that a new promoter acquiring a residential project must continue with the GST rate option previously exercised by the original promoter. The original promoter had opted for 12% GST with input tax credit under Notification 3/2019. The AAR held that the one-time GST rate option is project-specific, not promoter-specific, ensuring uniform tax treatment throughout the project's lifespan. The applicant cannot discharge GST at 5% without input tax credit and must apply the 12% rate with input tax credit for all sales, both existing and new buyers, maintaining consistency across the entire project. Case-Laws GST Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769090