GST ON REP Project

[NAMAN DOKANIA]

1. What will be the GST rate on Project where Commercial portion is 40% and residential is 60%?? Do we need to maintain separate books for availing lower tax rate??

2. What will be GST rate on the portion of Landowner sale of commercial part on the said project???

[Shilpi Jain]

Commercial units would be liable at 18%

Residential units at 5%

ITC will be available in respect of commercial units. This can be ascertained on the basis of carpet area.

[Shilpi Jain]

Landowner units sale also will be same as above.

AI Summary

GST rates for mixed-use projects: commercial supplies taxed at higher rate, residential at lower rate.
Mixed-use projects must treat supplies by purpose: commercial units attract the higher GST rate and residential units attract the lower GST rate; input tax credit is available for the commercial portion and should be ascertained on the basis of carpet area; sales by the landowner of commercial units follow the same GST treatment.