is the reduced rate of 1%/5% (with no ITC)
optional or mandatory w.e f 1/4/2019 for construction services?-
for projects started after 1/4/2019
8 Replies
Shivam RC
(Student)
(23683 Points)
Replied 20 July 2020
The Effective GST Rate of 1% in case of Affordable Housing Segment and 5% incase of Non - Affordable Housing Segment ( without the benefit of ITC ) is effective from 01st April 2019 ( 01/04/2019 ) and "MANDATORY" for all Projects starting on and from 01/04/2019.
Vijayprakash P
(1313 Points)
Replied 20 July 2020
Gst rate 1%/5%on real estates is not optional. It is mandatory.
deepti venugopal
(30 Points)
Replied 21 July 2020
Had a doubt whether it was only for ongoing projects as on 31.3.2019
Shivam RC
(Student)
(23683 Points)
Replied 21 July 2020
Yes, it was OPTIONAL for the Ongoing Projects as on 31/03/2019.
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