Concessional GST Rate available to all Affordable Housing Projects, Registration under PMAY not required: AAR (Maharashtra)

The Authority for Advance Rulings (AAR),Maharashtra has ruled that 12% GST(8% GST after deducting the value of land) would be levied in case of Affordable Housing Project. The authority clarified that if the project qualifies as an Affordable Housing Project, then registration under Pradhan Mantri Awas Yojana is not required to avail this benefit. It was also clarified that the appl…