GST council today has approved transition plan for the new rate structure for real estate residential projects from April 1. Developers of residential projects which are incomplete as on March 31, will have option either to choose the old structure with Input Tax Credit (ITC) or to shift to new 5 per cent and 1 per cent rates without ITC.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2W3S7Lk
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