WebOct 21, 2024 · GST: Attachment of bank account of non-taxable person violates section 83; Stay of demand under GST cannot be denied for non-constitution of Tribunal; Section 148A(b) mandates 07 days notice for giving reply; TDS on Purchase or Sale of Immovable Property; How to Set up IFSC Unit in GIFT SEZ; Master Circular – Housing Finance for … WebMay 30, 2024 · Houses priced below ₹ 45 lakh are elegible for the concessional 1% tax rate on affordable houses The effective new GST rate on shops and offices within a residential real estate project is 5%...
Worried about GST? Need not atleast for your Stock Market Trading …
WebJul 22, 2024 · There are two GST rates for real estate residential projects - one is 1%, and the second is 5 %. If you are buying any property categorised as affordable housing … WebMar 14, 2024 · The goods and services tax (GST) is computed by simply multiplying the price of a good or service by the GST tax rate. For instance, if the GST is 5%, a $1.00 … learn moldovan language
CA Daanish Parikh - Sap Finance Control Consultant - Tech …
WebWatch the video to learn about the GST rates charged on under construction flats or housing projects as well as ready to move in flats.You can also learn abo... WebFeb 26, 2024 · During the 33rd GST Council Meeting, GST rates on flat purchases for residential purposes were introduced. So, what is the GST rate for apartments? Let’s find out. GST is charged at 1% without Input Tax Credit (ITC) on residential housing units that are a part of the affordable housing segment. GST is charged at 5% without ITC on … WebNov 16, 2024 · To qualify for a 1% GST rate on flat purchases, one must purchase a minimum of 80% of the raw materials from any registered dealer. If not, under RCM, the flat or housing project developer must pay … learn money