Mekhla Anand, Partner, Cyril Amarchand Mangaldas
“By making the new tax rates optional for residential projects under construction, the 34th GST Council has effectively addressed apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits, pricing etc. that were bound to arise on account of the change. Providing a reasonable time period for transition based on consultation with various States and the industry also signifies a GST regime which is evolving in its industry and consumer focus.”
Mekhla Anand leads the indirect tax practice at Cyril Amarchand Mangaldas and advises large Indian and multinational companies in validating supply chains, formulating of indirect tax efficient business models, identifying innovative tax planning opportunities, cross border structuring, turnkey contracts, mergers and acquisitions as well as tax litigation.
