GST rate amendments: changes for housing projects, works-contract supplies, and valuation of land in composite supplies. The notification amends State GST rates and classifications: it includes specified PMAY-related construction works (in-situ slum redevelopment, EWS, CLSS and low-cost houses) and mid-day meal buildings in concessional entries; substitutes composite works-contract entries with prescribed state-tax rates and provisos limiting benefits where input tax credit on certain goods has been taken; reclassifies time-charter and rental transport services with input-credit conditions; restricts concessional treatment for housekeeping via e-commerce where input tax credit has been taken; updates fuel, mining, environmental, manufacturing, tailoring and entertainment admission entries; and fixes valuation for composite supplies involving transfer of land by deeming the land component to be one third of the total amount charged.
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GST rate amendments: changes for housing projects, works-contract supplies, and valuation of land in composite supplies.
The notification amends State GST rates and classifications: it includes specified PMAY-related construction works (in-situ slum redevelopment, EWS, CLSS and low-cost houses) and mid-day meal buildings in concessional entries; substitutes composite works-contract entries with prescribed state-tax rates and provisos limiting benefits where input tax credit on certain goods has been taken; reclassifies time-charter and rental transport services with input-credit conditions; restricts concessional treatment for housekeeping via e-commerce where input tax credit has been taken; updates fuel, mining, environmental, manufacturing, tailoring and entertainment admission entries; and fixes valuation for composite supplies involving transfer of land by deeming the land component to be one third of the total amount charged.
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