This notification comprehensively amends Notification No. 8/2017–Integrated Tax (Rate) to introduce a new GST framework for real estate projects. It prescribes reduced rates for construction of residential and affordable housing subject to conditions, restricts input tax credit, and introduces reverse charge liability for shortfall in procurement from registered suppliers. Detailed valuation rules, definitions, and transitional provisions for ongoing projects are also notified.

Issued for earlier notification?
Yes — it amends Notification No. 8/2017–Integrated Tax (Rate).