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of <h1>GST Reverse Charge Mechanism: Promoters in Real Estate Must Pay GST on Input Shortfalls for Projects Starting April 1, 2019.</h1> The Reverse Charge Mechanism (RCM) under GST in the real estate sector applies to construction projects commencing on or after April 1, 2019, including Residential Real Estate Projects (RREP) and other Real Estate Projects (REP). Promoters must pay GST on shortfalls in input and input services from registered suppliers if below 80% of the total, with specific rules for cement and capital goods from unregistered suppliers. Tax is calculated and paid electronically, with self-invoicing required for purchases from unregistered suppliers. The GST rate structure and compliance requirements are detailed in various notifications and instructions.
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