Real Estate- GST

[VIGNESH]

Sir kindly clarrify

1. a builder who builds 10 row houses should be compulsory exercise REP or RRep scheme?

2.if not necessary then what is the GST tax rate applicable sir

AI Summary

GST Rates for Builders: 1% for Affordable and 5% for Other Housing under RERA, No ITC Allowed A discussion on the Goods and Services Tax (GST) applicable to a builder constructing 10 row houses. The query seeks clarity on whether the builder must follow the REP or RRep scheme and the applicable GST rate. Responses indicate that for new residential projects registered under RERA, the GST rate is 1% for affordable housing and 5% for other projects. Additional conditions include mandatory cash payment of tax, ineligibility for Input Tax Credit (ITC), and requirements for registered purchases, with Reverse Charge Mechanism (RCM) applicable for shortfalls and unregistered cement purchases.