https://www.taxtmi.com/forum/issue?id=116915 New residential constructions started on or after 01.4.2019 must follow the new residential project scheme when registered under RERA, with concessional GST rates depending on affordable housing qualification. Tax under the scheme must be paid in cash and input tax credit is ineligible. A specified high share of project purchases must be from registered suppliers or the shortfall will attract reverse charge mechanism; purchases of cement from unregistered suppliers attract RCM. en-us Sat, 19 Dec 2020 07:29:02 +0530 Thu, 23 Jan 2025 15:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116915 New residential constructions started on or after 01.4.2019 must follow the new residential project scheme when registered under RERA, with concessional GST rates depending on affordable housing qualification. Tax under the scheme must be paid in cash and input tax credit is ineligible. A specified high share of project purchases must be from registered suppliers or the shortfall will attract reverse charge mechanism; purchases of cement from unregistered suppliers attract RCM. Discussion-Forum GST Sat, 19 Dec 2020 07:29:02 +0530 https://www.taxtmi.com/forum/issue?id=116915