GST Council to issue new tax norms for real estate2 min read . Updated: 18 Mar 2019, 12:24 AM IST
- New rules to guide the usage of credit for taxes paid on raw materials and services
- Policymakers intend to provide relief to developers to the maximum extent possible
NEW DELHI : Federal indirect tax body the Goods and Services Tax (GST) Council will on Tuesday announce new rules on how far builders can make use of credit for taxes paid on raw materials and services in settling their final tax liability as the sector moves to a new tax regime from 1 April.
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