<h1>GST Clarifications on Real Estate: Rates, ITC, Valuation, and Project Compliance from April 1, 2019 under Section 15</h1> The government issued clarifications on GST applicability in the real estate sector effective from April 1, 2019, addressing issues such as tax rates, input tax credit (ITC), and valuation in various project scenarios. Both landowner-promoters and developer-promoters must adopt the same GST option for a project. New GST rates of 1% or 5% without ITC apply to under-construction apartments, with ITC allowed only on construction services charged by the developer-promoter. Definitions of affordable housing and residential projects are clarified, including inclusion of certain charges in the gross amount and exclusion of stamp duty and maintenance fees. GST at 18% applies on transfer of development rights (TDR) or floor space index (FSI). Redevelopment and slum rehabilitation projects are taxable, including units allotted free to existing occupants, with ITC eligibility tied to consideration forms. Conditions on procurement from registered suppliers, tax payment methods, and transitional provisions for ongoing projects are also detailed. The FAQs serve as guidance without legal force, with official notifications prevailing in case of conflict.