https://www.taxtmi.com/caselaws?id=409700 Promoter-led villa construction and redevelopment projects commencing on or after 01.04.2019 fall within the amended real estate GST entries, so the applicable rate is 1.5% for affordable residential apartments and 7.5% for other residential apartments, subject to the notification conditions. For valuation, the land component must be taken as one-third of the total amount charged, making the taxable value two-thirds, and actual land value cannot replace the statutory abatement. Sale of developed plots, where no buyer-specific development service or advance is received, remains a sale of land outside GST under Schedule III. en-us Fri, 28 May 2021 00:00:00 +0530 Wed, 26 Mar 2025 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409700 Promoter-led villa construction and redevelopment projects commencing on or after 01.04.2019 fall within the amended real estate GST entries, so the applicable rate is 1.5% for affordable residential apartments and 7.5% for other residential apartments, subject to the notification conditions. For valuation, the land component must be taken as one-third of the total amount charged, making the taxable value two-thirds, and actual land value cannot replace the statutory abatement. Sale of developed plots, where no buyer-specific development service or advance is received, remains a sale of land outside GST under Schedule III. Case-Laws GST Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409700