GST-Reduced Liability of Tax on complex, building, flat etc_ PIB press release MOF

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  1. Anonymous16 June 2017 at 03:43

    How it will impact us?

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    1. Unknown16 June 2017 at 11:28

      Builders are calling buyers to pay all the money before GST to avoid higher rate of taxes under GST though the builders have not completed construction. so the MOF has released press release clarifying that because of anti profiteering clause (section 171, CGST Act) builders are asked to pass on the benefit of input credit to the customer so the ultimate burden of tax will be less and the same is clarified in detail in above press release..

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