Hi,
There was a notification dtd. 25th Jan 2018 reducing rate of GST on housing sector to 12% (effective rate after reducing 1/3rd of land coming to 8%).
The said notification extended benefit of reduced rate to housing projects which have been granted infrastructure status as per notification no. 13/06/2009 dtd 31st March 2017.
In the said notification Infrastructure status has been awarded to Affordable Housing Project and same has been defined as a housing project using at least 50% of Floor Area Ratio/Floor Space Index for dwelling units with carpet area of not more than 60 sq mtr.
So my doubt is whether this notification gets automatically applied to every project having dwelling size upto 60 sq mtr and we can take benefit by charging reduced rate of GST to customers or do we need to apply to get infrastructure status with any appropriate authority and then take the benefit of reduced rate?
CAclubindia
