Navigating GST Compliance in Mixed-Use Real Estate Projects

Navigating GST compliance in mixed-use real estate projects involves addressing tax liability on both commercial and residential segments while ensuring input tax credit benefits.

Building a project that combines residential and commercial spaces?
If your project has over 15% commercial area, understanding GST compliance is crucial! Here’s why:

For such projects, even with a single RERA and GST registration, you must apportion procurement expenses between the residential and commercial parts based on the carpet area ratio. 📐

💡 This means meticulous planning is needed to ensure compliance with the 80% minimum procurement limit.

Managing this well not only keeps you on the right side of tax laws but also optimizes your costs. Developers, have you encountered challenges with this? Share your experiences below!

---