This discussion clarifies the Goods and Services Tax (GST) applicable to developers selling flats and shops. The consensus is that the 1% GST rate for affordable housing schemes applies to all units within the development, including shops. Furthermore, paying 1% GST on advances received from customers for these units is the correct procedure.
WE PAID GST 1 % ON TOTAL RECEIPT FROM CUSTOMER AS PER AFFODABLE HOUSING SCHEME .
MY QUESTION IS THE DEVLOPER ALSO CONSTUCTION SHOP WITH FLATS THEN WHAT IS THE GST RATE ON SHOPS I PAID 1% GST ON ADVANCE RECEIVED FROM CUSTOMER IS IT RIGHT?