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of <h1>GST Rate Change for Residential Apartments: 1% for Affordable, 5% for Others; Compliance and Procurement Rules Apply.</h1> A revised GST rate effective from April 1, 2019, applies to the construction of residential apartments, with affordable units taxed at 1% and others at 5%, both without input tax credit (ITC). Promoters/developers must procure at least 80% of inputs and services from registered suppliers. If this threshold is not met, they must pay GST on the shortfall using FORM GST DRC-03 electronically by the end of the quarter following the financial year, specifically by June 30, 2020, for FY 2019-20. States and CBIC field formations are instructed to guide the trade accordingly.
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