GST Rates Differ for Affordable vs. Non-Affordable Apartments in Same Project; 1.5% for Affordable, 7.5% for Others.

GST Rates Differ for Affordable vs. Non-Affordable Apartments in Same Project; 1.5% for Affordable, 7.5% for Others. https://www.taxtmi.com/highlights?id=75441 Rate of tax - Whether different rates of GST can be levied to affordable and non-affordable residential apartments in a single project/ building that is being developed as Residential Real Estate Project? - The AAR in this ruling clarifies that different GST rates for affordable and non-affordable residential apartments can indeed be applied within the same project. The applicable GST rates are 1.5% for affordable units and 7.5% for non-affordable units, as per the respective entries in Notification No. 11/2017-Central Tax (Rate). en-us Wed, 06 Mar 2024 09:21:20 +0530 Wed, 06 Mar 2024 09:21:20 +0530 TaxTMI RSS Generator GST Rates Differ for Affordable vs. Non-Affordable Apartments in Same Project; 1.5% for Affordable, 7.5% for Others. https://www.taxtmi.com/highlights?id=75441 Rate of tax - Whether different rates of GST can be levied to affordable and non-affordable residential apartments in a single project/ building that is being developed as Residential Real Estate Project? - The AAR in this ruling clarifies that different GST rates for affordable and non-affordable residential apartments can indeed be applied within the same project. The applicable GST rates are 1.5% for affordable units and 7.5% for non-affordable units, as per the respective entries in Notification No. 11/2017-Central Tax (Rate). Highlights GST Wed, 06 Mar 2024 09:21:20 +0530 https://www.taxtmi.com/highlights?id=75441