https://www.taxtmi.com/highlights?id=82617 GST rates on supply of affordable and non-affordable residential apartments in a real estate project (REP) are 1.5% and 7.5% respectively, while commercial apartments attract 18% GST. A promoter can supply affordable and non-affordable apartments conjointly, subject to prescribed conditions. For construction of commercial apartments in a REP other than residential real estate project (RREP), GST rate is 18%. Input tax credit is restricted for goods and services used in construction of immovable property on taxpayer's own account, even if used in course of business, except for plant and machinery, as per Section 17 of CGST Act. en-us Sat, 26 Oct 2024 08:15:59 +0530 Sat, 26 Oct 2024 08:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=82617 GST rates on supply of affordable and non-affordable residential apartments in a real estate project (REP) are 1.5% and 7.5% respectively, while commercial apartments attract 18% GST. A promoter can supply affordable and non-affordable apartments conjointly, subject to prescribed conditions. For construction of commercial apartments in a REP other than residential real estate project (RREP), GST rate is 18%. Input tax credit is restricted for goods and services used in construction of immovable property on taxpayer's own account, even if used in course of business, except for plant and machinery, as per Section 17 of CGST Act. Highlights GST Sat, 26 Oct 2024 08:15:59 +0530 https://www.taxtmi.com/highlights?id=82617