questions Online: Edatabook

In case of an area sharing arrangement between a Landowner-Promoter and a Developer-Promoter incharged to him by the Developer-Promoter on such supply? Whether the LandownerPromoter shall be entitled to avail ITC on any other services or goods used by him in furtherance of his business (such as brokerage on sales etc.)? a New Project undertaken on or after 1/4/2019, whether the new rate of 1% or 5% is applicable in case of the Landowner-Promoter who sells the under-construction premises before c

The new effective rates of 1% and 5% without ITC are applicable to the apartments

Residential Real Estate Project (RREP) shall mean a REP in which the carpet area of the commercial apartments is not more than 15% of the total carpet area of all the apartments in the REP (Clause xix). “Carpet area” shall have the same meaning as assigned to it in clause (k) of Section 2 of the RERA, 2016. Whether non-saleable areas such as society office, club house, etc., are to be taken into consideration for determining 15% for deciding whether the project is RREP or not?

The term “Residential Real Estate Project

In the formula prescribed under first proviso to Entry 41A of the Notification 12/2017- CT (R), as amenFSI (including additional FSI) or both shall be taken only in respect of un-booked apartments as on the date of issuance of Completion Certificate or first occupation of the project for the purpose of formula?ded by Notification 4/2019 CT (R), what rate shall be taken to determine the value to be ascribed to the “GST Payable on TDR or FSI or both for construction of the residential apartments i

The GST on the transfer of development rights

In case of Redevelopment, Slum Rehabilitation or similar arrangements, the Developer will be constructing two types of units i.e. one which is allotted to existing occupiers for no monetary consideration and second which is sold in the market to outside buyer. Price at which the unit is being sold to the outsider is determined in a manner to factor cost of construction of both type of units so that the unit to existing occupiers may be allotted free of monetary consideration. It may be clarified

The apartments given to the original inhabitants or the slum dwellers

In case of redevelopment or slum rehabilitation project, (new or an existing project) whether the conthe units being supplied free of monetary consideration to existing dwellers will fall within the definition of affordable housing when certain units being sold in the open market are eligible for concessional rates under the category of Credit Linked Subsidy Scheme i.e. subitem (da) of item (iv) of Sl. No. 3 of notification No. 11/2017- CTR?structed units supplied to existing occupiers by the de

The apartments being constructed in such ongoing project, for existing slum dwellers

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