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TMI BlogReal Estate- GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir kindly clarrify 1. a builder who builds 10 row houses should be compulsory exercise REP or RRep scheme? 2.if not necessary then what is the GST tax rate applicable sir - Reply By KASTURI S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ETHI - The Reply = Pl. elaborate your query. - Reply By Mayank Jain - The Reply = The new scheme should mandatorily be followed for new residential projects. Therefore, 10 row houses which would re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gistered as a project under RERA, the applicable GST rate is 1% (affordable) or 5%. - Reply By Hemanth Kumar - The Reply = In case if it is a new residential construction started on or after 01.4.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19, the applicable rate of tax would be a. 1% -for affordable housing projects b. 5% for other than affordable housing Other conditions will be 1. Tax has to be paid in cash only and ITC is ineli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gible 2. Minimum 80% of project cost should be a registered purchases- short fall RCM will apply 3. Unregistered Cement purchases will attract RCM Regards CA Hemanth Kumar - Real Estate- GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 19-12-2020 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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