GST Notification Limits Preferential Tax Rate to Select Towers A, B, C in Residential Project Under Specific Conditions

GST Notification Limits Preferential Tax Rate to Select Towers A, B, C in Residential Project Under Specific ConditionsCase-LawsGSTThe AAR determined that the applicant’s residential project did not fully qualify as an “ongoing project” under the GST noti

GST Notification Limits Preferential Tax Rate to Select Towers A, B, C in Residential Project Under Specific Conditions
Case-Laws
GST
The AAR determined that the applicant's residential project did not fully qualify as an “ongoing project” under the GST notification. Only towers A, B, and C were eligible for the 12% GST rate (net 8% after land deduction) with input tax credit, subject to specified conditions. Projects initiated after 01.04.2019 were ineligible for the previous tax struc

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