Kind attention is drawn to the Press Note dated 08th April 2020 of Department of Revenue, Ministry of Finance with regards to refunds. It has been inter-alai decided that all pending GST refunds including IGST refunds shall be expeditiously processed.

A revised GST rate has been prescribed, w.e.f. the 1stApril, 2019 on the supply of service by way of construction of residential apartment. Under this, construction of affordable residential apartments attracts GST at the rate of 1% [without ITC]and other residential apartments attract GST at the rate of 5% [without ITC].

Based on the recommendations of the 35″ meeting of the GST Council held on 21st June 2019, the provision of section 50 was amended vide section 100 of the Finance (No. 2) Act, 2019 to provide for charging interest on the net cash tax liability.

Based on the recommendations of the 35″ meeting of the GST Council held on 21st June 2019, the provision of section 50 was amended vide section 100 of the Finance (No. 2) Act, 2019 to provide for charging interest on the net cash tax liability.

A revised GST rate has been prescribed, w.e.f. the 1stApril, 2019 on the supply of service by way of construction of residential apartment. Under this, construction of affordable residential apartments attracts GST at the rate of 1% [without ITC]and other residential apartments attract GST at the rate of 5% [without ITC].

Kind attention is drawn to the Press Note dated 08th April 2020 of Department of Revenue, Ministry of Finance with regards to refunds. It has been inter-alai decided that all pending GST refunds including IGST refunds shall be expeditiously processed.