Gst for affordable housing

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30 Points Posted on 26 March 2019

Greetings,

I am buying an apartment in Kakinada, AP, a non-metro city. The extent of the flat is 80 sq mt of carpet area, outer walls 9 sq mt, Balcony & Utility - 8.6 sq mt and common areas - 27 sq mt. Is this apartment eligible for Affordable housing category? The project is having 10 apartments and is not registered as an affordable housing project. Am I eligible to avail 1% GST considering this an affordable house. I have an another flat on my name, does this effect in any way?

Can somebody please let me know where I can find full information on affordable housing and applicable GST guidelines?

Any kind of help is appreciated.

Thanks in anticipation.

M L Srinivas

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On 26 March 2019 at 19:13 Report
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SEO Sai Gr. Hosp.
212503 Points Posted on 26 March 2019

https://tax guru.in/income-tax/detailed-analysis-affordable-housing-deduction-income-tax.H T M L

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On 26 March 2019 at 19:50
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Student
7053 Points Posted on 26 March 2019
have you paid for the apartment before it's construction or is it still under construction??
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On 26 March 2019 at 21:11
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30 Points Posted on 27 March 2019

Its under construction and I have paid some advance.

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On 27 March 2019 at 14:52
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Student
7053 Points Posted on 27 March 2019
if it's possession taken or certificate issued regarded as fully constructed.
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On 27 March 2019 at 15:28
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30 Points Posted on 27 March 2019
Its under construction and possession will be given sometime nxt year. I knw that I am liable for GST, my question is at what percentage? Builder is not claiming ITC frm April, extent wise and value wise my property falls under affordable housing, i want to have clarity are there any other criteria to ve satisfied to all under 1% GST segment. Thanks
2 Reply
On 27 March 2019 at 15:44

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