GST FAQ for Real Estate Sectors and Deferment of Implementation of GST details in FORM 3CD
CBIC has released 2 sets of FAQ on Real Estate on new GST Rate Structure:
There has been number of issues reported by various stake holders on the new GST Rate Structure for Real Estate Sector. Considering the issues, CBIC has issued compilation of 2 sets of FAQ for the guidance and easy understanding of all stake holders in the real estate sectors. Same may be viewed and downloaded by clicking on the below link:
1. No 354/32/2019 TRU dated 7^th May 2019 (FAQ Series 1 41 FAQs) https://studycafe.in/2019/05/gst-faqs-on-real-estate-sector.html
2. No 354/32/2019 TRU dated 14^th May 2019 (FAQ Series 2 27 FAQs) https://studycafe.in/2019/05/cbic-issued-faqs-part-ii-on-real-estate.html
Note The answers to the FAQs have been given in simple language for guidance and easy understanding of all stakeholders in the real estate sector. They do not have force of law. In case of conflict, the gazette notifications, which have legal force, shall have precedence.
CBDT issues Order for deferment of Implementation of GAAR and GST Compliance in FORM 3CD:
CBDT vide its Order No. F. No. 370142/9/2018-TPL Circular No 9/2019 dated 14^th May 2019 has deferred the implementation of clause 30C (Pertaining to General Anti-Avoidance Rules (GAAR) and Clause 44 (pertaining to Goods and Services Tax (GST) Compliance) in form 3CD to 31^st March 2020. The order can be accessed by clicking on the below link:
1. No. 370142/9/2018-TPL Circular No 9/2019 dated 14^th May 2019 https://studycafe.in/2019/05/cbdt-defers-furnishing-of-gst-gaar-details-in-form-3d-till-31-03-2020.html
Note – This is for information only. For exact details of changes, the notification/Circular may please be referred to, as and when they are issued.
About TaxMarvel: TaxMarvel is a Consulting firm focused on providing GST services to small and medium enterprises. We offer host of GST Services be it registration or compliance or consulting or litigation support. We make GST easy for businesses by bringing in technology and subject matter expertise.
We are present at following locations: Hyderabad, Kolkata, New Delhi and Bangalore.
Our bouquet of services:
Goods & Services Tax (GST) | Corporate Laws | Income Tax and TDS | Start up Consulting | Business Advisory
You can contact us at: [email protected] | +91-9903129064