AFFORDABLEAPPARTMENT, Goods and Services Tax - GST

[ASIM DAS]

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

Posts / Replies

[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.