{"id":212583,"date":"2019-03-29T10:30:22","date_gmt":"2019-03-29T05:00:22","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=212583"},"modified":"2019-04-01T15:14:52","modified_gmt":"2019-04-01T09:44:52","slug":"decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/","title":{"rendered":"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on “Real Estate Sector”"},"content":{"rendered":"

GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house.<\/p>\n

The council decided the modalities of the transition as follows.<\/span><\/strong><\/p>\n

Option in respect of ongoing projects:<\/strong><\/p>\n

2. The promoters shall be given a one -time option to continue to pay tax at the old rates (effective rate of 8% or 12% with ITC) on ongoing projects (buildings where construction and actual booking have both started before 01.04.2019) which have not been completed by 31.03.2019.<\/p>\n

3. The option shall be exercised once within a prescribed time frame and where the option is not exercised within the prescribed time limit, new rates shall apply.<\/p>\n

New tax rates:<\/strong><\/p>\n

4. The new tax rates which shall be applicable to new projects or ongoing projects which have exercised the above option to pay tax in the new regime are as follows.<\/p>\n

(i) New rate of 1% without input tax credit (ITC) on construction of affordable houses shall be available for,<\/p>\n

\u00a0 \u00a0 (a) all houses which meet the definition of affordable houses as decided by GSTC (area 60 sqm in metros \/ 90 sqm in non- metros and value upto RS. 45 lakhs), and<\/p>\n

\u00a0 \u00a0 \u00a0(b) affordable houses being constructed in ongoing projects under the existing central and state housing schemes presently eligible for concessional rate of 8% GST (after 1\/3rd land abatement).<\/p>\n

(ii) New rate of 5% without input tax creditshall be applicable on construction of,-<\/p>\n

\u00a0 \u00a0 (a) all houses other than affordable houses in ongoing projects whether booked prior to or after 01.04.2019. In case of houses booked prior to 01.04.2019, new rate shall be available on instalments payable on or after 01.04.2019.<\/p>\n

\u00a0 \u00a0 (b) all houses other than affordable houses in new projects.<\/p>\n

\u00a0 \u00a0 (c) commercial apartments such as shops, offices etc. in a residential real estate project (RREP) in which the carpet area of commercial apartments is not more than 15% of total carpet area of all apartments.<\/p>\n

Conditions for the new tax rates:<\/strong><\/p>\n

5. The new tax rates of 1% (on construction of affordable) and 5% (on other than affordable houses) shall be available subject to following conditions,-<\/p>\n

(a) Input tax credit shall not be available,<\/p>\n

(b) 80% of inputs and input services (other than capital goods, TDR\/ JDA, FSI, long term lease (premiums)) shall be purchased from registered persons. On shortfall of purchases from 80%, tax shall be paid by the builder @ 18% on RCM basis. However, Tax on cement purchased from unregistered person shall be paid @ 28% under RCM, and on capital goods under RCM at applicable rates.<\/p>\n

Transition for ongoing projects opting for the new tax rate:<\/strong><\/p>\n

6.1 Ongoing projects (buildings where construction and booking both had started before 01.04.2019) and have not been completed by 31.03.2019 opting for new tax rates shall transition the ITC as per the prescribed method.<\/p>\n

6.2 The transition formula approved by the GST Council, for residential projects (refer to para 4(ii)) extrapolates ITC taken for percentage completion of construction as on 01.04.2019 to arrive at ITC for the entire project. Then based on percentage booking of flats and percentage invoicing, ITC eligibility is determined. Thus, transition would thus be on pro-rata basis based on a simple formula such that credit in proportion to booking of the flat and invoicing done for the booked flat is available subject to a few safeguards.<\/p>\n

6.3 For a mixed project transition shall also allow ITC on pro-rata basis in proportion to carpet area of the commercial portion in the ongoing projects (on which tax will be payable @ 12% with ITC even after 1.4.2019) to the total carpet area of the project.<\/p>\n

Treatment of TDR\/ FSI and Long term lease for projects commencing after 01.04.2019<\/strong><\/p>\n

7. The following treatment shall apply to TDR\/ FSI and Long term lease for projects commencing after 01.04.2019.<\/p>\n

7.1 Supply of TDR, FSI, long term lease (premium) of land by a landowner to a developer shall be exempted subject to the condition that the constructed flats are sold before issuance of completion certificate and tax is paid on them. Exemption of TDR, FSI, long term lease (premium) shall be withdrawn in case of flats sold after issue of completion certificate, but such withdrawal shall be limited to 1% of value in case of affordable houses and 5% of value in case of other than affordable houses. This will achieve a fair degree of taxation parity between under construction and ready to move property.<\/p>\n

7.2 The liability to pay tax on TDR, FSI, long term lease (premium) shall be shifted from land owner to builder under the reverse charge mechanism (RCM).<\/p>\n

7.3 The date on which builder shall be liable to pay tax on TDR, FSI, long term lease (premium) of land under RCM in respect of flats sold after completion certificate is being shifted to date of issue of completion certificate.<\/p>\n

7.4 The liability of builder to pay tax on construction of houses given to land owner in a JDA is also being shifted to the date of completion. Decisions from para 7.1 to 7.4 are expected to address the problem of cash flow in the sector.<\/p>\n

Amendment to ITC rules:<\/strong><\/p>\n

8. ITC rules shall be amended to bring greater clarity on monthly and final determination of ITC and reversal thereof in real estate projects. The change would clearly provide procedure for availing input tax credit in relation to commercial units as such units would continue to be eligible for input tax credit in a mixed project.<\/p>\n

9. The decisions of the GST Council have been presented in this note in simple language for easy understanding. The same would be given effect to through Gazette notifications\/ circulars which alone shall have force of law.<\/p>\n

[Press Release dt. 19-03-2019]<\/p>\n

Central Board of Indirect Taxes and Customs<\/strong><\/p>\n

\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the <\/p>\n","protected":false},"author":8808,"featured_media":209666,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[34589,34591,34590],"class_list":["post-212583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-gst-rate-on-real-estate-sector","tag-itc-rules","tag-tax-rate"],"yoast_head":"\nGST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on "Real Estate Sector" | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on "Real Estate Sector"\" \/>\n<meta property=\"og:description\" content=\"GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-29T05:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-01T09:44:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on “Real Estate Sector”\",\"datePublished\":\"2019-03-29T05:00:22+00:00\",\"dateModified\":\"2019-04-01T09:44:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/\"},\"wordCount\":960,\"commentCount\":2,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/cbic-logo-new.jpg\",\"keywords\":[\"GST rate on real estate sector\",\"ITC Rules\",\"Tax Rate\"],\"articleSection\":[\"Legislation Updates\",\"Notifications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/\",\"name\":\"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on \\\"Real Estate Sector\\\" | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/cbic-logo-new.jpg\",\"datePublished\":\"2019-03-29T05:00:22+00:00\",\"dateModified\":\"2019-04-01T09:44:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/cbic-logo-new.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/cbic-logo-new.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/03\\\/29\\\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on “Real Estate Sector”\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Me-150x150.jpg\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Me-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on \"Real Estate Sector\" | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/","og_locale":"en_US","og_type":"article","og_title":"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on \"Real Estate Sector\"","og_description":"GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the","og_url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2019-03-29T05:00:22+00:00","article_modified_time":"2019-04-01T09:44:52+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on “Real Estate Sector”","datePublished":"2019-03-29T05:00:22+00:00","dateModified":"2019-04-01T09:44:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/"},"wordCount":960,"commentCount":2,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg","keywords":["GST rate on real estate sector","ITC Rules","Tax Rate"],"articleSection":["Legislation Updates","Notifications"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/","url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/","name":"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on \"Real Estate Sector\" | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg","datePublished":"2019-03-29T05:00:22+00:00","dateModified":"2019-04-01T09:44:52+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/29\/decisions-taken-by-the-gst-council-in-the-34th-meeting-regarding-gst-rate-on-real-estate-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"GST | Decisions by GST Council in 34th meeting\u00a0regarding GST Rate on “Real Estate Sector”"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/cbic-logo-new.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":254431,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/18\/key-recommendations-of-45th-gst-council-meeting\/","url_meta":{"origin":212583,"position":0},"title":"Key Recommendations of 45th GST Council meeting","author":"Prachi Bhardwaj","date":"September 18, 2021","format":false,"excerpt":"The 45th GST Council Meeting was held on September 17, 2021 in Lucknow. The meeting was presided by Union Finance and Corporate Affairs Minister, Smt. Nirmala Sitharaman. Key recommendations of the Meeting are as follows: \u00a0 I. Key recommendations related to change in rate of GST on goods and Services\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/GST-COUNCIL.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/GST-COUNCIL.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/GST-COUNCIL.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/GST-COUNCIL.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/09\/GST-COUNCIL.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":216042,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/06\/24\/gst-council-decision-relating-to-changes-in-law-and-procedure\/","url_meta":{"origin":212583,"position":1},"title":"GST Council decision relating to changes in “law and procedure”","author":"Bhumika Indulia","date":"June 24, 2019","format":false,"excerpt":"The 35th GST Council Meeting was held on 21-06-2019 under the chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman. This was the first meeting of the Council after the swearing in of the new Government. The meeting was also attended by Union Minister of State for Finance &\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":296612,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/12\/gst-council-revises-gst-rates-of-goods-and-services-legal-news\/","url_meta":{"origin":212583,"position":2},"title":"[GST Council 50th Meeting] Uniform 28% GST levied on Casino, Race Course and Online Gaming","author":"Kriti","date":"July 12, 2023","format":false,"excerpt":"On 11-7-2023, the Goods and Services Tax (\u2018GST\u2019) Council in its 50th Meeting recommended changing GST tax rates, discussed measures for facilitation of trade and measures for streamlining compliances in GST. Key Points: 1. Recommendations relating to GST rates on Goods- \u2022 Changes in GST rates- Goods (Uncooked\/ Unfried Snacks)-\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"gst","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/goods-and-services-tax.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/goods-and-services-tax.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/goods-and-services-tax.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/goods-and-services-tax.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":248922,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/29\/key-takeaways-from-43rd-gst-council-meeting\/","url_meta":{"origin":212583,"position":3},"title":"Key Takeaways from 43rd GST Council meeting","author":"Prachi Bhardwaj","date":"May 29, 2021","format":false,"excerpt":"The 43rd\u00a0GST Council Meeting took place on May 28, 2021 under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing. It was also attended by Union Minister of State for Finance & Corporate Affairs, Shri Anurag Thakur besides Finance Ministers of States & UTs\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":270329,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/19\/levy-of-goods-services-tax-gst-on-the-fees-payable-to-sebi\/","url_meta":{"origin":212583,"position":4},"title":"Levy of GST on the fees payable to SEBI","author":"Bhumika Indulia","date":"July 19, 2022","format":false,"excerpt":"On 18-07-2022, SEBI has issued a circular for all the Market Infrastructure Institutions, Companies who have listed \/ are intending list their securities, other intermediaries and persons who are dealing in the securities market, that the fees and other charges payable to SEBI shall be subject to GST at the\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":217425,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/07\/29\/gst-rates-reduced-on-electric-vehicles-entry-of-eco-friendly-measures\/","url_meta":{"origin":212583,"position":5},"title":"GST rates reduced on “Electric Vehicles” — Entry of Eco-Friendly measures?","author":"Bhumika Indulia","date":"July 29, 2019","format":false,"excerpt":"The 36th GST Council held on 27-07-2019 has recommended the following: A. GST rate related changes on supply of goods and services 1. The GST rate on all electric vehicles be reduced from 12% to 5%. 2. The GST rate on charger or charging stations for Electric vehicles be reduced\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/03\/GST.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/212583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=212583"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/212583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/209666"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=212583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=212583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=212583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}