GST concessions for affordable housing and construction clarified, with input tax credit and valuation conditions specified. Amendments to the State Tax (Rate) notification, effective 25 January 2018, add and substitute table entries to extend specified tax treatment to in situ slum redevelopment, Affordable Housing and related EWS/LIG/MIG housing under Housing for All (Urban)/Pradhan Mantri Awas Yojana, clarify composite works contract supplies by sub contractors to governmental purchasers with procurement provisos, limit concessional treatment where input tax credit has been taken for certain housekeeping, support and transport services, and prescribe that valuation of land transfers in specified composite construction supplies be deemed to be one third of the total amount charged.
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Provisions expressly mentioned in the judgment/order text.
GST concessions for affordable housing and construction clarified, with input tax credit and valuation conditions specified.
Amendments to the State Tax (Rate) notification, effective 25 January 2018, add and substitute table entries to extend specified tax treatment to in situ slum redevelopment, Affordable Housing and related EWS/LIG/MIG housing under Housing for All (Urban)/Pradhan Mantri Awas Yojana, clarify composite works contract supplies by sub contractors to governmental purchasers with procurement provisos, limit concessional treatment where input tax credit has been taken for certain housekeeping, support and transport services, and prescribe that valuation of land transfers in specified composite construction supplies be deemed to be one third of the total amount charged.
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