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Query Answer
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Sir we want guideline on applicability of 8% gst rate on affordable housing project. Please help us for that.

Reply

Affordable Housing Project attracts concessional GST of 8% (provided value of land is included in the price of the house).

The Builder should charge 12% GST on 2/3rd value of consideration (Since 1/3rd value is deemed to be value of land which is not liable to GST). So, it works out to net 8% GST.

In our GST library when you will select the tab Tax Rate with HSN Code—Select Service wise option—sort construction service—in the column of affordable housing 12% GST rate is shown. There is information (Provisions of paragraph 2 of shall apply for valuation of this service) bearing asterisk, it will remove your doubt. You can also refer Notification No. 01/2018 (Central tax rate) dated 25.01.2018.

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