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AFFORDABLEAPPARTMENT, Goods and Services Tax - GST

Issue Id: - 118022
Dated: 1-7-2022
By:- ASIM DAS
AFFORDABLEAPPARTMENT

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Sir,

A developer in Kolkata constructed multi storied building under joint development agreement whereby land was from a landowner . This building contains various flats under 'Developer's Allocation' some having carpet area more than 60 sq mt some units less than 60 sq. mtr. So while selling flats /residential units having carpet area less than 60 sq. mt. can the developer impose 1% GST and for those having more than 60 sq. mts. carpet area 5 % , the price limit being within the prescribe limit as per GST law. Please guide me.

Regards

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1 Dated: 2-7-2022
By:- Shilpi Jain

Yes, This is the way it has to be done,.

Affordable is not for the project as a whole but has to be identified per unit.


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