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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GST on real estate
Replies (8)
Quick Summary
It is Mandatory
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.
Gst rate 1%/5%on real estates is not optional. It is mandatory.
Thank you
You are welcome......
Your most Welcome @ Deepti Venugopal...
Had a doubt whether it was only for ongoing projects as on 31.3.2019
Yes, it was OPTIONAL for the Ongoing Projects as on 31/03/2019.
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