GST On Society Devloper Flats &amp Shops

This query is : Resolved 

Quick Summary
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.

19 August 2024 RES SIR,

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?

21 August 2024 SIR PLEASE REPLY ABOVE QUERRY

15 October 2024 Yes, right. The rates are for all the units in the housing scheme.


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