This notification overhauls the GST rate structure for construction of residential and commercial apartments, introducing new concessional rates for affordable residential housing and revising rates for other residential and commercial projects. It prescribes conditions such as mandatory procurement from registered persons, reverse charge on shortfall and cement purchases, ITC restrictions, valuation rules, and detailed definitions aligned with RERA. Transitional provisions and ITC reversal mechanisms are also laid down for ongoing projects.

Issued for earlier notification:

Yes — amends Notification No. 11/2017–Central Tax (Rate).