Rate of GST for Clo

[GurjeetSingh Walia]

I want to do real estate business in which I am planning to make 35 residential house completely gated colony is it is necessary to register with GST and what will the GST rate applicable on me.

[Altamush Zafar]

If you will be booking residential houses before their completion collecting money from buyers and if your turnover is expected to exceed ₹ 20 lakhs from such receipts then registration is mandatory.

[Shilpi Jain]

Whether your project is on your own land or a land taken on joint development?

[GurjeetSingh Walia]

Thanks also advise what is the rate of GST applicable on semi finished house and fully furnished house

AI Summary

GST registration requirement for pre-completion residential bookings-registration mandatory if turnover exceeds the statutory threshold. Where residential units are booked and payments are collected before completion, those receipts are taxable supplies under GST and give rise to a registration obligation when aggregate turnover from such supplies is expected to exceed the statutory registration threshold. Whether the project is on the promoter's own land or under joint development affects supply characterisation and compliance. The GST rate for semi-finished versus fully furnished houses depends on supply classification, contract structure, and any applicable exemptions.