CBIC notifies GST Rates for Housing Sector applicable from 1 April 2019

CBIC notifies GST Rates for Housing Sector applicable from 1 April 2019

CBIC has issued various Tax Rate Notifications under CGST/ IGST/ UTGST to implement reduction in GST Rates for Real Estate/ Housing Sector applicable from 1 April 2019, in line with the Recommendations of the GST Council. It may be noted that CBIC has also notified the CGST (2nd Amendment) Rules, 2019 for implementation of such reduced GST rates for Housing Sector.

CGST Tax Rate Notifications issued by CBIC, applicable for Housing Sector from 1 April, 2019

i) Seeks to amend notification No. 02/2019- Central Tax (Rate) so as to provide for application of Composition rules to persons opting to pay tax under notification no. 2/2019- Central Tax (Rate): CBIC Notification No. 09/2019 Central Tax Rate dt. 29 March 2019

ii) Seeks to amend notification No. 1/2017- Central Tax (Rate) so as to notify CGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 08/2019 Central Tax Rate dt. 29 March 2019

iii) Seeks to notify certain services to be taxed under RCM under section 9(4) of CGST Act as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 07/2019 Central Tax Rate dt. 29 March 2019

iv) Seeks to notify certain class of persons by exercising powers conferred under section 148 of CGST Act, 2017: CBIC Notification No. 06/2019 Central Tax Rate dt. 29 March 2019

v) Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 05/2019 Central Tax Rate dt. 29 March 2019

vi) Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 04/2019 Central Tax Rate dt. 29 March 2019

vii) Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 03/2019 Central Tax Rate dt. 29 March 2019

IGST Tax Rate Notifications issued by CBIC, applicable for Housing Sector from 1 April, 2019

i) Seeks to amend notification No. 1/2017- Integrated Tax (Rate) so as to notify IGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 08/2019 Integrated Tax Rate dt. 29 March 2019

ii) Seeks to notify certain services to be taxed under RCM under section 5(4) of IGST Act as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 07/2019 Integrated Tax Rate dt. 29 March 2019

iii) Seeks to notify certain class of persons by exercising powers conferred under section 148 of CGST Act, 2017: CBIC Notification No. 06/2019 Integrated Tax Rate dt. 29 March 2019

iv) Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 05/2019 Integrated Tax Rate dt. 29 March 2019

v) Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 04/2019 Integrated Tax Rate dt. 29 March 2019

vi) Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 03/2019 Integrated Tax Rate dt. 29 March 2019

UTGST Tax Rate Notifications issued by CBIC, applicable for Housing Sector from 1 April, 2019

i) Seeks to amend notification No. 02/2019- Union Territory Tax (Rate) so as to provide for application of Composition rules to persons opting to pay tax under notification no. 2/2019- Union Territory Tax (Rate): CBIC Notification No. 09/2019 Union Territory Tax Rate dt. 29 March 2019

ii) Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) so as to notify UTGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 08/2019 Union Territory Tax Rate dt. 29 March 2019

iii) Seeks to notify certain services to be taxed under RCM under section 7(4) of UTGST Act as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 07/2019 Union Territory Tax Rate dt. 29 March 2019

iv) Seeks to notify certain class of persons by exercising powers conferred under section 148 of CGST Act, 2017: CBIC Notification No. 06/2019 Union Territory Tax Rate dt. 29 March 2019

v) Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 05/2019 Union Territory Tax Rate dt. 29 March 2019

vi) Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 04/2019 Union Territory Tax Rate dt. 29 March 2019

vii) Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council for real estate sector: CBIC Notification No. 03/2019 Union Territory Tax Rate dt. 29 March 2019

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