TaxTMI 
TaxTMI 
As per the Notification, the GST Rate for Construction of affordable residential apartments by a promoter in a Residential Real Estate Project is 1.5% (0.75 + 0.75). However, under commentaries in the Taxmann website and many other places, it is mentioned as 1% (0.5 + 0.5). Please guide.
GST on Residential Project
23 Dec 2022 
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GST rate for residential construction: nominal rate should be disclosed though effective rate reduces after land abatement.
The nominal GST rate for construction of residential apartments is 1.5% (0.75% + 0.75%). A one third abatement of total consideration is applied to attribute value to land, producing a lower effective tax burden when computed on the abated value. For compliance, taxpayers should disclose the nominal rate in invoices and returns and declare the taxable value as two thirds of the total consideration after the one third land abatement. (AI Summary)
The nominal GST rate for construction of residential apartments is 1.5% (0.75% + 0.75%). A one third abatement of total consideration is applied to attribute value to land, producing a lower effective tax burden when computed on the abated value. For compliance, taxpayers should disclose the nominal rate in invoices and returns and declare the taxable value as two thirds of the total consideration after the one third land abatement. (AI Summary)