affordable housing means under GST

For GST, the definition ia going to change now...

It should be eligible, but wait for final notification/clarification by CBIC.

	Is the contractor dont getting ITC. on purchasea of raw matrial ei..cement , steel ,bricks etc..

If the contractor supplies to Builder, he will be eligible for ITC; but the final supply to consumer by builder/contractor will not be eligible for ITC.

sir,

where the definition has been given? can you please share the same

No

The Council Council, on March 19, 2019,  expanded the definition of affordable housing for the purpose of availing of GST benefits, to those flats costing up to Rs 45 lakhs and measuring 60 sq metres carpet area in metros (Delhi-NCR, Bengaluru, Chennai, Hyderabad, Mumbai-MMR and Kolkata) and 90 sq metres carpet area in non-metros. “We have adopted twin definition of affordable housing, on the basis of carpet area and cost. We have expanded the definition of affordable housing, so that aspiring people can buy slightly bigger (houses), so 60 sq metres carpet area in metros and 90 sq metres outside the metros, which approximate translates to a two-bedroom house in a metro and a possibly three-bedroom house in non-metros. This will come into effect from April 1, 2019,” Jaitley said.

For GST applicability on affordable housing, currently there is no valuation threshold and the calculation of carpet area varies from project to project.

WHAT RATE WOULD BE LEVIED AFTER 1/3 ON AFFORDABLE

Sirji

For affordable house RERA Registration is compulsory or not, if any notification related to RERA registration for affordable house please sent mi on najagtap @ gmail.com

Is there any specified procedure to opt for new gst tax rates for Builders,