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IN AFFORDABLE HOUSING GST RATE IS 8% BUT IN GSTR 1 NOT ANY COLUMN FOR 8%

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chaman prajapat

19 Points Joined September 2017

DEAR SIR

MY CLINT DEAL IN AFFORDABLE HOUSING PROJECT SO AS PER LAW GST RATE IS APPLICABLE IS 8% BUT NOW I WANT TO FILE MY GSTR1 SO IN THIS FORM I CAN'T FIND 8% GST HEAD SO HOW CAN I FILE GSTR1 AND HOW TO SOW THIS TRANSACTION IN THIS RETURN KINDLY HELP ON THIS MATTER.

Replies (1)

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

The GST rate is 12% but after reducing 1/3 land it comes to 8% .
Let's Suppose total consideration 4500/- .
1/3 of 4500 is 1500/- , so accessible value is 3000/- (4500-1500) & 12% of 3000/- comes to 360/- (8% of 4500/- is also =360/-)

So in GSTR 1 under Gross value Report figure RS.4500/- & in Taxable value against 12% rate report 3000/-