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.

(Querist)
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?

Dipesh Bhoi (Querist)
21 August 2024 SIR PLEASE REPLY ABOVE QUERRY

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details