[부동산] 중개업자, 오는 5월 10일까지 GST 세율 선택 고민. Realtors have time till May 10 to opt for old GST rates
[REAL ESTATE ECONOMIC NEWS] Good morning, everyone. I’m Lee Jang Ho
staff of Kamagroup Pvt. Ltd. Here I have an important KOREAN economic news
to share with you which is as undermentioned.
Real estate firms have time till May 10 to communicate to their respective
jurisdictional officers whether they want to continue with the old GST rates with
input tax credit, failing which they will be deemed to have migrated to new tax rates.
The GST Council had given the option to real estate companies to either opt for
old rates of 12 per cent (for residential) and 8 per cent (affordable housing) with
input tax credit (ITC) benefits or the new tax rates of 5 per cent for residential units
and 1 per cent for affordable housing without the benefit of adjusting the credit on
inputs used during construction. The Central Board of Indirect Taxes and Customs
(CBIC) has issued a notification giving real estate companies a one-time option to
choose either of the tax rates.
Read more at:
Kamagroup Pvt. Ltd.
Have a nice day.