This corrigendum corrects typographical errors in the rate columns of the Table to Notification No. 03/2019–Integrated Tax (Rate) dated 29 March 2019. The corrections substitute “6” with “12” and “9” with “18” at specified places in the Table. The corrigendum ensures accuracy and correct implementation of applicable GST rates.Issued for earlier notification?Yes — issued as a corrigendum to Notification No. 03/2019–Integrated Tax (Rate) dated 29.03.2019.
This corrigendum corrects typographical errors in the rate columns of the Table to Notification No. 03/2019–Integrated Tax (Rate) dated 29 March 2019. The corrections substitute “6” with “12” and “9” with “18” at specified places in the Table. The corrigendum ensures accuracy and correct implementation of applicable GST rates.Issued for earlier notification?Yes — issued as a corrigendum to Notification No. 03/2019–Integrated Tax (Rate) dated 29.03.2019.
Summary:This notification mandates reversal of input tax credit on inputs, semi-finished goods, finished goods and capital goods where a registered person having availed ITC opts to pay tax under the composition scheme for real estate projects. Remaining ITC balance shall lapse after reversal.Issued for earlier notification?Yes — amends Notification No. 02/2019–Central Tax (Rate).
Summary:This notification mandates reversal of input tax credit on inputs, semi-finished goods, finished goods and capital goods where a registered person having availed ITC opts to pay tax under the composition scheme for real estate projects. Remaining ITC balance shall lapse after reversal.Issued for earlier notification?Yes — amends Notification No. 02/2019–Central Tax (Rate).
This notification makes promoters liable to pay GST under RCM on shortfall in procurement of goods/services from registered suppliers, cement, and capital goods purchased from unregistered persons. It ensures minimum procurement thresholds prescribed under Notification 11/2017 are met in real estate projects.Issued for earlier notification?No — standalone notification issued under Section 9(4).
This notification makes promoters liable to pay GST under RCM on shortfall in procurement of goods/services from registered suppliers, cement, and capital goods purchased from unregistered persons. It ensures minimum procurement thresholds prescribed under Notification 11/2017 are met in real estate projects.Issued for earlier notification?No — standalone notification issued under Section 9(4).
This notification inserts S. Nos. 5B and 5C, making promoters liable to pay GST under RCM on transfer of development rights, FSI (including additional FSI) and long-term lease of land (30 years or more). Definitions of apartment, promoter, project, REP and RREP are inserted for uniform application.Issued for earlier notification?Yes — amends Notification No. 13/2017–Central Tax (Rate).
This notification inserts S. Nos. 5B and 5C, making promoters liable to pay GST under RCM on transfer of development rights, FSI (including additional FSI) and long-term lease of land (30 years or more). Definitions of apartment, promoter, project, REP and RREP are inserted for uniform application.Issued for earlier notification?Yes — amends Notification No. 13/2017–Central Tax (Rate).
Amends CGST Rules to prescribe revised methodology for input tax credit reversal in real estate projects. Introduces Rule 88A for order of utilisation of ITC. Substitutes multiple forms relating to assessment, demand, recovery and rectification proceedings.Previous Notification: Notification No. 3/2017–Central Tax dated 19.06.2017Effective Date: 29.03.2019 / 01.04.2019 (as specified rule-wise)
Amends CGST Rules to prescribe revised methodology for input tax credit reversal in real estate projects. Introduces Rule 88A for order of utilisation of ITC. Substitutes multiple forms relating to assessment, demand, recovery and rectification proceedings.Previous Notification: Notification No. 3/2017–Central Tax dated 19.06.2017Effective Date: 29.03.2019 / 01.04.2019 (as specified rule-wise)
This notification amends Notification No. 1/2017–Integrated Tax (Rate) by inserting a new entry under Schedule III (18%) to prescribe the applicable IGST rate on supplies of goods (other than capital goods and cement) made by unregistered persons to promoters for construction of real estate projects, where tax is payable by the promoter under reverse charge as notified under Notification No. 07/2019. It ensures uniform rate application for such supplies.Issued for earlier notification?Yes — it amends Notification No. 1/2017–Integrated Tax (Rate).
This notification amends Notification No. 1/2017–Integrated Tax (Rate) by inserting a new entry under Schedule III (18%) to prescribe the applicable IGST rate on supplies of goods (other than capital goods and cement) made by unregistered persons to promoters for construction of real estate projects, where tax is payable by the promoter under reverse charge as notified under Notification No. 07/2019. It ensures uniform rate application for such supplies.Issued for earlier notification?Yes — it amends Notification No. 1/2017–Integrated Tax (Rate).
This notification notifies that promoters shall be liable to pay IGST under reverse charge on specified supplies received from unregistered suppliers, including goods or services constituting shortfall from the minimum value required to be purchased for construction of a real estate project, cement falling under heading 2523, and specified capital goods. It defines key terms such as promoter, real estate project (REP), residential real estate project (RREP), and floor space index (FSI). The notification implements the revised real estate taxation framework.Issued for earlier notification?No — this is a standalone reverse charge notification.
This notification notifies that promoters shall be liable to pay IGST under reverse charge on specified supplies received from unregistered suppliers, including goods or services constituting shortfall from the minimum value required to be purchased for construction of a real estate project, cement falling under heading 2523, and specified capital goods. It defines key terms such as promoter, real estate project (REP), residential real estate project (RREP), and floor space index (FSI). The notification implements the revised real estate taxation framework.Issued for earlier notification?No — this is a standalone reverse charge notification.
This notification specifies the class of registered persons (promoters) and prescribes the time of supply for services involving development rights, FSI, and long-term lease of land. The tax liability is deferred to the date of issuance of completion certificate or first occupation of the project. The notification provides certainty and uniformity in taxation of real estate transactions.Issued for earlier notification?Yes — issued in pursuance of sections 20 and 148 of the CGST Act read with the IGST Act.
This notification specifies the class of registered persons (promoters) and prescribes the time of supply for services involving development rights, FSI, and long-term lease of land. The tax liability is deferred to the date of issuance of completion certificate or first occupation of the project. The notification provides certainty and uniformity in taxation of real estate transactions.Issued for earlier notification?Yes — issued in pursuance of sections 20 and 148 of the CGST Act read with the IGST Act.
This notification amends Notification No. 10/2017–Integrated Tax (Rate) to notify services relating to transfer of development rights, FSI, and long-term lease of land for construction projects as supplies liable to tax under reverse charge. The promoter is specified as the person liable to pay tax. Relevant definitions aligned with real estate law are also incorporated.Issued for earlier notification?Yes — it amends Notification No. 10/2017–Integrated Tax (Rate).
This notification amends Notification No. 10/2017–Integrated Tax (Rate) to notify services relating to transfer of development rights, FSI, and long-term lease of land for construction projects as supplies liable to tax under reverse charge. The promoter is specified as the person liable to pay tax. Relevant definitions aligned with real estate law are also incorporated.Issued for earlier notification?Yes — it amends Notification No. 10/2017–Integrated Tax (Rate).
