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CA OM PRAKASH GUPTA (CA Practice )     18 September 2021

GST on residential cum commercial building

A builder constructed a residential multi story but on ground floor he had sold shops also .
What will be GST rate ? 5% without ITC or 18% with propionate ITC on sale of shops?


 6 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     18 September 2021

In case the carpet area of commercial premise in a residential project is not more than 15% of the total carpet area of the project, then the same is treated as residential project and eligible for concessional GST rate of  5% on the commercial premise also.

ITC is not available in case of 5% GST.

2 Like
CA OM PRAKASH GUPTA

CA OM PRAKASH GUPTA (CA Practice )     18 September 2021

Sir, any notification or circular in this reference?
Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     18 September 2021

Attached hereunder Notification no. 3/2019 GST


Attached File : 1648935 20210918191217 notfctn 3 2019 cgst rate.pdf downloaded: 9 times
1 Like
Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     18 September 2021

For clarification about different term, FAQ attached hereunder..


Attached File : 1648935 20210918191324 faq real estate sector 0705.pdf downloaded: 8 times
1 Like
CA OM PRAKASH GUPTA

CA OM PRAKASH GUPTA (CA Practice )     18 September 2021

Thank you sir
Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     24 September 2021

Most Welcome ...  

 

 


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