GST expenses on construction of residential complex service
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Is GST payable for construction of a new residential complex or a part thereof? What is the rate of GST applicable for completion and finishing services like glazing in relation to residential complex? Is GST exempted for plastering in relation to residential complex? Rate tariff of GST for finishing services like painting in relation to residential complex? Any GST for finishing services like floor and wall tiling in relation to residential complex? Does completion and finishing services like wood and metal joinery fall under exemption list of GST? What is Goods and Service Tax slab rate finishing services like fencing and railing?
The details about GST rate changes for construction of residential complex service are being updated here. The notification changes on exemptions for GST for sale of Commercial use or exploitation of any event service construction of residential complex service and other circulars related to GST for construction of residential complex service are updated in this website.
(i) “Construction of Complex” means —
(a) construction of a new residential complex or a part thereof; or
(b) completion and finishing services in relation to residential complex such as glazing,
plastering, painting, floor and wall tiling, wall covering and wall papering, wood and
metal joinery and carpentry, fencing and railing, construction of swimming pools,
acoustic applications or fittings and other similar services; or
(c) repair, alteration, renovation or restoration of, or similar services in relation to,
residential complex;
(ii)“Residential Complex” means any complex comprising of—
(i) a building or buildings, having more than twelve residential units;
(ii) a common area; and
(iii) any one or more of facilities or services such as park, lift, parking space, community
hall, common water supply or effluent treatment system, located within a premises and the
layout of such premises is approved by an authority under any law for the time being in
force, but does not include a complex which is constructed by a person directly engaging
any other person for designing or planning of the layout, and the construction of such
complex is intended for personal use as residence by such person.
Explanation. — For the removal of doubts, it is hereby declared that for the purposes of
this clause, —
(a) ?personal use? includes permitting the complex for use as residence by another person
on rent or without consideration;
(b) ?residential unit? means a single house or a single apartment intended for use as a
place of residence;
Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
The GST for construction of residential complex service is expected to be 12% or 18%. If there is proper application of the credit utilization mechanism, then the developers should be able to obtain credit for number of taxes paid on inputs, which will eventually help reducing the overall cost.
Some of the categories under completion and finishing services like construction of swimming pools in relation to residential complex are exempted from paying GST. The list of exempted business category of services under repair services may be read in GST exemption category list issued by GST authorities.
This post explains about GST impact on community hall services in residential complex. The information about GST rate changes for parking space provided service are updated here. The notification changes on exemptions for GST for lift services in residential complex related to GST are updated in this website soon.
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Indian GST charges on construction of a new residential complex or a part thereof
Goods and Service Tax rate on completion and finishing services like glazing in relation to residential complex
GST tax on completion and finishing services like plastering in relation to residential complex
GST slab rate on completion and finishing services like painting in relation to residential complex
Amount of GST tax on completion and finishing services like floor and wall tiling in relation to residential complex
What is the GST rate on completion and finishing services like wall covering and wall papering in relation to residential complex?
How much GST on completion and finishing services like wood and metal joinery and carpentry in relation to residential complex?
GST slab on completion and finishing services like fencing and railing in relation to residential complex
GST tax on completion and finishing services like construction of swimming pools in relation to residential complex
Total GST rate on completion and finishing services like acoustic applications or fittings in relation to residential complex
Indian GST charges on repair services in relation to residential complex
Amount of GST to be paid on alteration services in relation to residential complex
Slab GST on Renovation services in relation to residential complex
Total GST charges on restoration services in relation to residential complex
Goods and Service Tax rate on park facilities provided in residential complex related services
What is the GST tariff on lift services in residential complex?
Total tax on GST on parking space provided service in residential complex
Rate of GST slab on community hall services in residential complex
GST tax on common water supply or effluent treatment system services in residential complex