GST FAQs for Real Estate; Deferment of Implementation of GST details in Form 3CD

A. CBIC has released 2 sets of FAQ on Real Estate on new GST Rate Structure:

There has been number of issues reported by various stake holders on the new GST Rate Structure for Real Estate Sector. Considering the issues, CBIC has issued compilation of 2 sets of FAQ for the guidance and easy understanding of all stake holders in the real estate sectors. Same may be viewed and downloaded by clicking on the below link:

1. F. No 354/32/2019 – TRU dated 7^thMay 2019 (FAQ Series 1 – 41 FAQs)

2. F. No 354/32/2019 – TRU dated 14^thMay 2019 (FAQ Series 2 – 27 FAQs) 

B. CBDT issues Order for deferment of Implementation of GAAR and GST Compliance in FORM 3CD: 

CBDT vide its Order No. F. No. 370142/9/2018-TPL – Circular No 9/2019 dated 14^th May 2019 has deferred the implementation of clause 30C (Pertaining to General Anti-Avoidance Rules (GAAR) and Clause 44 (pertaining to Goods and Services Tax (GST) Compliance) in form 3CD to 31^st March 2020. The order can be accessed by clicking on the below link:

1. F. No. 370142/9/2018-TPL – Circular No 9/2019 dated 14^thMay 2019

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