Effectivity of new tax rate of 7.5% for real estate projects

Last updated: 18 August 2021
Quick Summary
This ruling clarifies the application of the new 7.5% Goods and Services Tax (GST) rate on real estate projects, specifically concerning villa developments in Kerala. Victoria Realtors, a partnership firm promoting gated community villa projects in Kerala, sought this advance ruling. The decision considers the provisions of the Central and Kerala State GST Acts.

Court :
KERALA AUTHORITY FOR ADVANCE RULING GOODS AND SERVICES TAX DEPARTMENT

Brief :
Whether the answer given for the first question to VRINDHAVAN project is also applicable to the other similar projects in similar situations.

Citation :
KER/116/2021

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