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GST RATES FOR A CONSTRUCTION OF HOUSING PROJECT
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....ST RATES FOR A CONSTRUCTION OF HOUSING PROJECT<br> Query (Issue) Started By: - hubert fernandes Dated:- 28-11-2019 Last Reply Date:- 28-4-2020 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>In ....
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....a single Housing Project i.e RREP (Residential Real Estate Project) ,can we construct affordable residential apartments with 1 % applicable GST( being below 90 M2 & gross amount charge under 45 lakhs)....
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.... & also construct non-affordable residential apartments with 5% applicable GST, or is it that Housing project (RREP) should be exclusively with all apartments in a project falling under criteria of af....
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....fordable housing i.e below 90 M2 & gross amount charged under 45 lakhs) then only concessional rate of 1% is applicable ? Reply By KUNAL DESAI: The Reply: It is not necessary to construct only affor....
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....dable housing in a project to avail benefit of 1%. The concessional rate of 1% is to be seen in the context of each and every individual flat. It is not at all necessary to construct all flats with sa....
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....me sizes. Resultantly, test of 90 sq. mtr and consideration of ₹ 45,00,000/- is to be applied on every flats individually. It shall also be possible that there are mix units wherein some of th....
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....em are leviable at 1% and some of them are taxable at 5%.<br> Discussion Forum - Knowledge Sharing ....