TMI BlogGST RATES FOR A CONSTRUCTION OF HOUSING PROJECTX X X X Extracts X X X X X X X X Extracts X X X X ..... In 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 lak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hs) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... affordable 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 onl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y affordable 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with same 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 som ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of them are leviable at 1% and some of them are taxable at 5%. - GST RATES FOR A CONSTRUCTION OF HOUSING PROJECT - Query Started By: - hubert fernandes Dated:- 28-11-2019 Goods and Services Tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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