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GST on real estate

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30 Points Posted on 20 July 2020
is the reduced rate of 1%/5% (with no ITC)
optional or mandatory w.e f 1/4/2019 for construction services?-
for projects started after 1/4/2019
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On 20 July 2020 at 13:43 Report
Replies (8)
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GST Consultant
15986 Points Posted on 20 July 2020
It is Mandatory
55 Reply
On 20 July 2020 at 14:39
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Student
23688 Points Posted on 20 July 2020
The Effective GST Rate of 1% in case of Affordable Housing Segment and 5% incase of Non - Affordable Housing Segment ( without the benefit of ITC ) is effective from 01st April 2019 ( 01/04/2019 ) and "MANDATORY" for all Projects starting on and from 01/04/2019.
97 Reply
On 20 July 2020 at 17:52
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1313 Points Posted on 20 July 2020
Gst rate 1%/5%on real estates is not optional. It is mandatory.
1 Reply
On 20 July 2020 at 20:11
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30 Points Posted on 20 July 2020
Thank you
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On 20 July 2020 at 20:55
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GST Consultant
15986 Points Posted on 20 July 2020

You are welcome......

55 Reply
On 20 July 2020 at 21:01
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Student
23688 Points Posted on 20 July 2020
Your most Welcome @ Deepti Venugopal...
97 Reply
On 20 July 2020 at 21:15
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30 Points Posted on 21 July 2020
Had a doubt whether it was only for ongoing projects as on 31.3.2019
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On 21 July 2020 at 09:39
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Student
23688 Points Posted on 21 July 2020
Yes, it was OPTIONAL for the Ongoing Projects as on 31/03/2019.
97 Reply
On 21 July 2020 at 10:35


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