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Regarding GST on Residential Flat

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Raj Chitroda

Accounts

298 Points Posted on 14 February 2022

A single project will built Residential flat and Commercial shops having residential flat 800 sq ft salable carpet area with value Rs 30 lack and 1200 sq ft salable carpet area with value Rs 47 lack.

So my query under GST is that, can we consider this single project as affordable and non affordable Housing project and can charge the GST @ 1% on 800 sq ft are flat and GST @ 5% on 1200 Sq ft area flat ?

Thanking you.

Replies (5)

Quick Summary

This discussion explores the Goods and Services Tax (GST) implications for a single real estate project containing both residential flats and commercial shops. The core question is whether different GST rates (1% for affordable housing and 5% for non-affordable housing) can be applied to flats of varying sizes and values within the same development. Advice suggests differentiating between RREP and REP, seeking professional guidance due to the complexity of real estate GST, and notes recent notification changes.

sabyasachi mukherjee

Profession

19978 Points Posted on 15 February 2022

8% with itc -residential property on affordable housing
12% without itc -non affordable housing scheme
completion certificate issued gst would not be leviable.

Raj Chitroda

Accounts

298 Points Posted on 15 February 2022

thanks for your valuable reply so 1% without ITC on affordable housing and 5% without ITC on non affordable housing in a single project?

Thanks

CA Altamush Zafar

GST Consultant

10402 Points Posted on 15 February 2022

You will have to see whether it is RREP or REP. Take proper professional opinion in case of real estate business since this sector is not a cup of tea for everyone.