Reverse-charge GST on goods supplied to real estate promoters gets a new 9% entry for project construction supplies. The notification amends the Uttarakhand GST rate schedule by inserting a 9% entry for supplies of goods, other than capital goods and cement under chapter heading 2523, made by an unregistered person to a promoter for construction of a project where tax is payable by the promoter as recipient under the reverse-charge framework. It defines promoter and project by reference to real estate law, explains that a Residential Real Estate Project is one where commercial apartments do not exceed 15 percent of total carpet area, and states that the entry applies from 1 April 2019.
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Reverse-charge GST on goods supplied to real estate promoters gets a new 9% entry for project construction supplies.
The notification amends the Uttarakhand GST rate schedule by inserting a 9% entry for supplies of goods, other than capital goods and cement under chapter heading 2523, made by an unregistered person to a promoter for construction of a project where tax is payable by the promoter as recipient under the reverse-charge framework. It defines promoter and project by reference to real estate law, explains that a Residential Real Estate Project is one where commercial apartments do not exceed 15 percent of total carpet area, and states that the entry applies from 1 April 2019.
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