<h1>GST rates for real estate: choose concessional supply taxation without input tax credit or standard taxation with input tax credit.</h1> Real estate GST distinguishes concessional rates without Input Tax Credit from standard rates with Input Tax Credit; all promoters in an area sharing project must adopt the same option. Landowner promoters receiving constructed apartments are taxable recipients and may claim ITC only for tax charged by the developer on construction. TDR/FSI transfers are taxable based on comparable apartment values; TDR/FSI used for commercial or un booked residential units at completion are not exempt. Promoters opting for concessional rates must pay tax in cash and cannot use ITC for that liability.