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India: GST election by builders, developers due 10 May 2019

India: GST election by builders, developers due 10 May

The KPMG member firm in India has prepared reports about the following goods and services tax (GST) developments (read more at the hyperlinks provided below).


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  • GST election by real estate sector due 10 May 2019: The GST council approved a transition plan for the residential segment and this was followed by a notification to this effect. Builders and developers now have an option for all ongoing residential projects to elect to pay tax at new rates (that is, the concessional rate of GST, with a condition that tax credit would not be available) or to continue with the earlier rate of GST and the associated input tax credit. In any event, taxpayers must file an application making the election by 10 May 2019. If an election is not timely made, the project will be subject to the new rates of GST. Applications must be separately made for each project. Read an April 2019 report [PDF 606 KB]

  • Kerala’s amnesty program to settle pre-GST disputes: A circular issued in connection with Kerala’s state Finance Bill, 2019, sets forth an amnesty program to settle pre-GST regime disputes. Read an April 2019 report [PDF 632 KB]

  • Sequence for use of input tax credit: The Central Board of Indirect Taxes and Customs introduced new rule 88A in the Central Goods and Services Tax (CGST) Rules, 2017, to provide relief in the sequence prescribed for use of an integrated tax credit against the output tax liability. Read an April 2019 report [PDF 574 KB] 


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