16 May 2019
W.e.f 01.04.2019, GST rate on Building Construction Services has changed. If it comes under affordable housing then it will be 1% else 5% without ITC. As i know earlier to come under affordable housing it project should be registered in Pradhan Mantri aawas yojna, Credit linked subsidy scheme etc. My question is : w.e.f. 01.04.19
1) For ongoing project (not completed upto 31.03.19) whether it is still required to get registered in PMAY and CLSS to avail facility of 1% GST without ITC (Space criteria 60/90 sqm and Amount criteria are fulfilled) ?
2) Is reply changes if it is a new project i.e. started/ approved after 01.04.2019