TaxTMI 
TaxTMI 
REAL ESTATE SECTOR
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....EAL ESTATE SECTOR<br> Query (Issue) Started By: - Sasi Kumar Dated:- 25-8-2022 Last Reply Date:- 27-8-2022 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Hello sirs/madam, Whether RCM CREDIT....
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.... could be availed under new scheme / condition of tax rates (1% or 5%) for REP projects without ITC applicable from 01.04.2019?? Whether ITC & RCM credit are different in this scenario?? Kindly clari....
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....fy. Thank you. Reply By Shilpi Jain: The Reply: Where the condition in the statute is that ITC is not available then the credit of taxes paid under RCM will also not be available Reply By Ganeshan ....
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....Kalyani: The Reply: Sir, under new scheme of real estate project the input tax credit is not allowed. Input tax credit includes credit on inward supplies other than RCM and inward supplies under RCM.....
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