CA OM PRAKASH GUPTA (CA Practice ) (76 Points)
18 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178301 Points)
Replied 18 September 2021
In case the carpet area of commercial premise in a residential project is not more than 15% of the total carpet area of the project, then the same is treated as residential project and eligible for concessional GST rate of 5% on the commercial premise also.
ITC is not available in case of 5% GST.
CA OM PRAKASH GUPTA
(CA Practice )
(76 Points)
Replied 18 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178301 Points)
Replied 18 September 2021
Attached hereunder Notification no. 3/2019 GST
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178301 Points)
Replied 18 September 2021
For clarification about different term, FAQ attached hereunder..
pranay somani
(3 Points)
Replied 17 November 2022
If a residential cum commercial real-estate project having more than 15% commercial area than GST Rate Applicable for
1 Residential Apartment
2.Commercial Shops
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