Meaning of affordable residential apartment under GST

What is affordable  residential  apartment under GST


Affordable  residential  apartment  under GST is  a  residential apartment  in a project which  commences on or after  01-04-2019,  or  in  an  ongoing  project  in respect of which the promoter has opted for new rate  of  1%  (effective  from  01-04-2019)  having carpet area upto 60 square meter in metropolitan cities and 90 square meter in cities or towns other than  metropolitan  cities  and  the  gross  amount charged for which, by the builder is not more than 45  lakhs  rupees.  [Cities  or  towns  in  the notification  shall  include  all  areas  other  than metropolitan city as defined, such as villages.]


In  an  ongoing  project  in  respect  of  which  the promoter has opted for new rates, the term also includes  apartments  being constructed  under  the specified  housing  schemes  of  Central  or  State Governments.


[Metropolitan cities are Bengaluru, Chennai, Delhi NCR  (limited  to  Delhi,  Noida,  Greater  Noida, Ghaziabad, Gurgaon, Faridabad), Hyderabad,Kolkata and Mumbai (whole of MMR) with their geographical limits prescribed by Government.]



Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

GST exemption list of goods and service

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

Tax wrongfully collected and paid to Central Government or State Government, IGST Act,2017 

Zero rated supply, section 16 of IGST Act,2017   

section 14 of IGST Act,2017, Special provision for payment of tax by a supplier

Section 74 Determination of tax not paid, CGST Act, 2017             

Officers to assist proper officers, Sec 72 of CGST Act, 2017

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation

Refund of Input Tax Credit (ITC) of GST, FAQ
Refund of GST paid in India, FAQ
4 Conditions when applying for refund of Input Tax Credit (ITC) under GST
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate

Meaning of term Taxable Territory under GST 

What is Taxable supply under GST 

Term Taxable Turnover under GST

Term Two Rate Structure under GST 

Unique Transaction Reference number (UTR) Means

How to overcome the credit risk in an export business?

How important Packing in export trade ?

How to Choose a product for export business

How to send export samples to foreign buyer? Tips to send samples to foreign buyer

Export marketing : How to get order

Disadvantages of Letter of credit (LC) for Exporter

Commercial risks and solutions under Export Business 

 Political risks in International Trade 

Risks arising out of foreign laws in Import Export Business  

Cargo risks under Imports and Exports    

Types of Policies to cover credit risks in Import Export Trade  

Causes influencing price of export goods in Export Trade  

Credit risks and solutions under International Business


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers