Question ID :
GST Rate Applicability
Completion Certificate is received before 31st March, 2019. However, Advances for Flats sold before receipt of Completion Certificate are still pending upto 31st March,2019.
What Rate of Tax on Advances received after 1st April, 2019 ? 1% / 5% or 12%
Also, whether the option to Opt for New Scheme (1% / 5%) is available or not in the aforesaid case.
Harshal Punamchand Jain
May 7 2019 12:00AM