TaxTMI 
TaxTMI 
GST on Flat
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....ST on Flat<br> Query (Issue) Started By: - Prudhvi Jakkula Dated:- 11-6-2019 Last Reply Date:- 14-6-2019 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>Before 31-03-2019, can i pay 12% on som....
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....e flats which are upto 60 sqm and 18% on remaining flats which are in the same building? Reply By KASTURI SETHI: The Reply: Option was required to be given to the department by 10.5.19 ? Have you gi....
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....ven option ? Reply By KASTURI SETHI: The Reply: Pl. read '20.5.19' instead of 1'0.5.19'.. Reply By Prudhvi Jakkula: The Reply: Yes sir, I selected previous option only. In that cas....
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....e can i pay 12%(Effectively 8%) on some flats and 18%( Effectively 12%) on remaining flats? Reply By KASTURI SETHI: The Reply: For ongoing projects you are to follow your option exercised. It is one....
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.... time option for the whole project.You are to stick to your option for the whole project. It is 8% without ITC or 12% with ITC. You cannot adopt hybrid procedure. Reply By Prudhvi Jakkula: The Reply....
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....: Thank you very much sir. Reply By KASTURI SETHI: The Reply: Option between the two means to choose either this way or that way. Not both ways. 'Both ways' means no choice. Literal meaning....
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.... of the word, 'option' : one thing that can be chosen from a set of possibilities, Reply By Ganeshan Kalyani: The Reply: Either of the option was to be chosen.<br> Discussion Forum - Knowle....
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....dge Sharing ....