Union Territory GST rates: differentiated service rates with ITC conditions, reverse charge rules, and real estate option mechanisms. The notification prescribes Union Territory GST rates and conditional rules for intra State services, with special multi tier entries for construction and real estate supplies distinguishing RREP and REP, affordable and non affordable and commercial apartments; it creates a one time option for promoters of ongoing projects to elect specified rates, sets project wise ITC apportionment formulas (with annexures) including an 80% sourcing threshold from registered suppliers and reverse charge consequences for shortfalls or supplies from unregistered persons, prescribes valuation rules for composite supplies involving land, and imposes reporting, payment and credit reversal mechanics.
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Provisions expressly mentioned in the judgment/order text.
Union Territory GST rates: differentiated service rates with ITC conditions, reverse charge rules, and real estate option mechanisms.
The notification prescribes Union Territory GST rates and conditional rules for intra State services, with special multi tier entries for construction and real estate supplies distinguishing RREP and REP, affordable and non affordable and commercial apartments; it creates a one time option for promoters of ongoing projects to elect specified rates, sets project wise ITC apportionment formulas (with annexures) including an 80% sourcing threshold from registered suppliers and reverse charge consequences for shortfalls or supplies from unregistered persons, prescribes valuation rules for composite supplies involving land, and imposes reporting, payment and credit reversal mechanics.
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