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TMI BlogWorks Contract to TrustX X X X Extracts X X X X X X X X Extracts X X X X ..... A trust is constructing 100 independent houses to be given to people free of cost. The ownership of land as well as houses will remain with the trust. The allottees will be able to stay free of cost a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the houses. The trust has given the construction to a contractor . In this connection will the contractor get any exemption ? Can the contractor avail lower GST rates available for Affordable Housin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g Project ? - Reply By Shilpi Jain - The Reply = Affordable housing has criteria of area to be fulfilled 90/60 sqm. Additionally, presently there is no concessional rate of GST applicable for a contra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctor constructing affordable houses. I am assuming these houses are part of a complex / common society / community. No exemption available - Reply By vijay kumar - The Reply = It is taxable for the co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntractor since consideration is there between contractor and trust. No exemption for contractor just because there is no consideration between the Trust and the allottees. Affordable housing project, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not eligible for contractor in my view - Works Contract to Trust - Query Started By: - VENU K Dated:- 28-12-2024 Last Replied Date:- 30-12-2024 Goods and Services Tax - GST - Got 2 Replies - GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion 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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