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10 sie 2022 · The clarification as per Circular No 177 provides that sale of land whether before development or after development shall not attract GST. However, under a JDA there is no sale of land by the developer to the land owner, in fact the land is owned by the land owner and hence the question of sale of land by the developer to land owner does not arise.
- GST on Real Estate Sector: Key Rules and Rates - Tax Guru
Summary: The implementation of GST in India has...
- GST on Real Estate Sector: Key Rules and Rates - Tax Guru
23 lut 2023 · GST on Real Estate Transactions: Understand the process & rules for the transfer of rights in a property. Learn how a residential real estate project is defined according to the GST law.
13 cze 2024 · 1. What are the new GST rates on the construction of residential apartments? Below are the new tax rates without ITC for housing projects applicable w.e.f 1st April 2019. Conditions to be satisfied for availing of the above rates: Input tax credit claim: ITC cannot be claimed.
13 maj 2024 · How is GST applicable to real estate transactions? The applicability of Goods and Services Tax (GST) to real estate transactions in India involves several factors, depending on the type and stage of the property involved. Here’s a general overview of how GST is applied to various real estate scenarios:
31 paź 2023 · This article provides a comprehensive analysis of GST in the real estate sector, exploring various tax options, joint development rights and agreements, as well as specific scenarios like the sale of plots and slum rehabilitation.
24 wrz 2024 · Summary: The implementation of GST in India has significantly impacted the real estate sector, with varying tax rates based on the type of property and stage of development. The sale of land is exempt from GST, even if developed, as clarified by CBIC Circular No. 177/09/2022.
1 kwi 2019 · What is Affordable Housing? Here is the latest classification of affordable housing as per GST Council: Cost of Property. – up to 45 Lakhs. Carpet Area: In Metro Cities – 60 Square Meter (645 Sq.Ft) In Non-Metro Cities – 90 Square Meter (968 Sq.Ft)
