Real estate in gst rcm

One on going Real Estate Project who have opted for old scheme Whether ITC has to be reversed for exempted supply (i.e. sold after Completion Certificate) or Promoter has to pay tax under RCM after the period 01.04.2019??

Also if reversal takes place it is on the basis of valuation or area ratio??
Replies (2)
Quick Summary
This discussion clarifies GST implications for ongoing real estate projects under the old scheme. It addresses whether Input Tax Credit (ITC) needs to be reversed for exempted supplies (like sales after the Completion Certificate) or if tax must be paid under Reverse Charge Mechanism (RCM) after April 1, 2019. Furthermore, it questions the basis for any ITC reversal, specifically whether it should be calculated using valuation or area ratio.

Real estate has no.old scheme or new scheme.
Ok thank you

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details