Sr. Date N/N.

Original Applicable Sub-Category Category Furhter N/N Brief content

no. N/N w.e.f.
w.e.f.

11 23.04.2019 21 02/2019 23.04.2019 GST Return & Tax Composition 09/2019(CTR) 1. Section 10
(CT) (CTR) Payment: New Scheme & rule
thereunder
All compositionn mutatis
dealer (Sec-10 & N/N mutandis
02/2019) shall file; apply.
Qtrly; GST CMP-08 2. ITC need to
– Return till 18th of reverse on
following quarter. opening stock
Annually; GSTR 4 – at the time of
till 30th April opting this
scheme.

10 10.05.2019 10 11/2017 10.05.2019 1. Ongoing Real Real Estate Nil Nil

(CTR) Estate Projects- sector from
Option to be April’2019
exercised by
20.05.2019
2. In case, no option
is exercised by May
20th, 2019 then, real
estate companies shall
be covered under the
lower tax rate of 5 %
and 1 % w.e.f.
01.04.2019 and will
not be entitled to avail
ITC.

9 29.03.2019 09 02/2019 01.04.2019 1. Section 10 & rule Composition Nil Nil

(CTR) thereunder mutatis New Scheme
mutandis apply.
2. Pay tax on good
held in stock at the
time of opting
composition scheme,
there after any
balance in E- Credit
Ledger shall Lapse.

8 29.03.2019 08 01/2017 01.04.2019 Tax Rate on goods Real Estate Nil Nil
(CTR) under RCM: sector from
April’2019
Promoter shall pay
the tax @ 18%
 (9+9) on all
goods other than
capital goods &
cement supplied from
unregd. Person.

7 29.03.2019 07 Nil 01.04.2019 Tax to be paid on all Real Estate 08/2019-CTR Tax Rate on
supplies under RCM sector from Goods other
from Unregd. April’2019 than capital
person: goods &
cement
1. Promoter shall pay prescibred @
the tax under 18%
RCM on all
supplies recvd. From
unregd. Person.
2. Value of Supplies
(other than capital
goods) – only to the
extent as shortfall
from the minimum
value of goods or
services or both
required to be
purchased by a
promoter for
construction of
project.
3. For Capital
Goods – Tax to be
paid on all supplies
from unregd. person.

6 29.03.2019 06 Nil 01.04.2019 When to pay the tax Real Estate Nil Nil
under RCM on sector from
specified services: April’2019
The registered
promoter require to
pay the tax under
RCM on supply of
development rights,
FSI or long term lease
of land irrespective
form of
consideration, at the
time of issuance of
completion certifcate
or first occupation
whichever is earlier.

5 29.03.2019 05 13/2017 01.04.2019 Specify the following Real Estate 06/2019 – CTR When to pay
services on which sector from the tax on
tax to be paid under
 RCM: April’2019 such services
1. Development Right
2. Floor Space Index
3. Long Term Lease
of Land

4 29.03.2019 04 12/2017 01.04.2019 For supplies of Real Estate 05/2019- 05: Tax to be
services namely, sector from CTR‘06/2019- paid under
TDR, FSI, Long April’2019 CTR RCM
Term Lease of Land:
Exemption: No ’06: Tax to be
GST to be paid on paid at the
TDR, FSI & Long time of
term lease of land issuance of
if such supplies completion
used for certificate or
construction of first
residential project occupancy.
on which GST to
be paid at the time
of supply ( booked
apartments).
Tax to paid under
RCM only if such
supplies used for :
a) the construction
of commercial
project.
b) the construction
of residential
project for
appartment sold
after issuance of
completion
certificate or first
occupancy
(i.e. unbooked
apartments).
Value: Deemed to
be equal to the
value of similar
apartments charged
by the promoter
from the
independent
buyers nearest to
the date on which
such development
rights or FSI is
transferred to the
promoter.
 Maximum Tax for
such supplies if
such supplies
used for
unbooked
residential
apartment:
a) Affordable: 1%
(0.5+0.5) of vlaue
b) Other than
affordable: 5%
(2.5+2.5) of value

3 29.03.2019 03 11/2017 01.04.2019 Will be publish in Real Estate

next article in detail. sector from
April’2019

2 07.03.2019 02 Nil 01.04.2019 Eligibility: Composition 09/2019 1. Section 10

New Scheme & rule
1.1 Aggregate 01.04.2019 thereunder
Turnover (reduced by mutatis
extending deposit mutandis
etc.) in P.F.Y is up to apply.
Rs. 50 Lac
2. ITC need to
1.2 Aggregate reverse on
Turnover (reduced by opening stock
extending deposit at the time of
etc.) in C.F.Y is up to opting this
Rs. 50 Lac which scheme.
shall be
computed from the
first day of FY.
2. Not Eligible to pay
the tax under
composition scheme
u/s 10.
3. Not engaged in any
inter-state outward
supply or not leviable
to tax.
4. No supply through
E-commerce operator.
5. No supply of Ice
cream, pan masala
and tobacco and
manufactured tobacoo
subsitute. Tax Rate:
1. Option to pay the
tax @ 6% (3+3)on
first supplies of goods
 or service up to Rs.
50 lac irrespective of
type of supply (i.e.
exmepted or taxable).
However, no tax to be
paid for outward
supplies on which tax
to be paid by
recipient.
2. Tax to be paid to
the date from which
he becomes liable for
registration under the
Act i.e. cross
threshold limit of Rs.
20 Lac.
3. Such tax to be paid
in cash and out of
pocket.

From Feb.,2019, Supplies

Supplies from notified on
unregd. Person shall
be taxable only on
specified supplies
and to be paid

1 29.01.2019 01 32/2017 01.02.2019 by specified person. RCM which tax to

Till date, such be paid
supplies have been
notified for real
estate sector only
[N/N 07/2019

08/2017 (CTR)]. 07/2019 -CTR under RCM

on supplies
from unregd.
Person.