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 7thMay 2019 (FAQ Series 1 – 41 FAQs)

2. F. No 354/32/2019 – TRU dated 14thMay 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 14th 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 31st 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 14thMay 2019

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Qualification: CA in Practice
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Rohit is an Enterpreneur and has founded a boutique consulting firm - TaxMarvel Consulting Services LLP. View Full Profile

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October 2021