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<h1>New GST Rate Structure for Real Estate: Key Clarifications on Rates, Affordable Housing, and Compliance from April 1, 2019.</h1> The circular addresses the new GST rate structure for the real estate sector effective from April 1, 2019. It provides clarifications on various aspects, including the applicable GST rates for residential and commercial apartments, definitions of affordable housing, ongoing projects, and the options available for promoters regarding old and new GST rates. The document also covers GST implications on development rights, floor space index, and long-term leases. It specifies conditions for compliance, such as purchasing from registered suppliers and reverse charge mechanisms. The FAQs aim to guide stakeholders in understanding and applying the new GST rules effectively.