CHENNAI GROUP HOUSING SCHEME (PH-II-A/II-B)
|(1).||Location Ph-II A & B|
|(2).||Overview Ph-II A & B|
|(3).||Feature-II-A & B|
|(4).||Photo Gallary Ph-II-A||(i).Interior view||(ii).Outer View|
|(5).||Photo Gallary Ph-II-B||(i).Outer View|
[3D Sectional Plan]
|(7).||e-Brochure||(i).e-Broucher Ph-II-A ,||(ii).e-Broucher Ph-II-B
|(8).||Payment Schedule||(i).e-Broucher Ph-II-A||(ii).e-Broucher Ph-II-B
|(9).||Your Payment Status/||Click Here|
|(10).||Project C.P.M.:-||Shri Satya Narayana CPM||Contact No.044-25322372|T.D.S DESK
(1).As per Govt. notification, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs.50 lakhs, he has to deduct TDS when he pays to the seller. This has been laid down in Section 194-1A of the Income Tax Act.Click here for more details
Dwelling Units Details
(1).Latest Dwelling Unit Available: (i). II/54,(ii). III-A/12, (iii). III-B/48, (iv). IV-A/32, (V).IV-B/15.
Latest Dwelling Unit Allotted:(i). II/50,(ii). III-A/11, (iii). III-B/48, (iv). IV-A/31, (V).IV-B/15.
GST OPTION FOR ON-GOING PROJECTS
A. OLD RATE PRIOR TO 01-04-2019
(I) GST RATE -12%
(II) INPUT TAX CREDIT (ITC) Allowed
B. New Rate Prior From 01-04-2019: -
GST rate 1% on affordable and 5% on others. However, ITC is not allowed
2.0). In residential project, IRWO has to pay GST @ 18% on every contractor’s bill. ITC permitted means that this GST Payment to Contractors can be adjusted against the GST amount to be received from the allottees [which shall be required to be paid by IRWO to Government] This adjustment can not be done where ITC is not allowed.
3.0). For on-going projects, GST Council has given builders an option to choose to either stay in the old GST regime of 12 % with ITC or opt for the new GST regime of 5% & 1% without ITC. This choice was to be intimated to the government by 10th May 2019 which has been extended to 20th May 2019.
4.0). IRWO has done a detailed analysis in consultation with Chartered Accountants for its on-going Projects at Jaipur (Ph-III), Kota, Chennai Ph-IIB) and Lucknow (Ph-IV). Detailed analysis is attached herewith as Annexure I to Annexure IV from the analysis it will be seen that cost of the project is lesser by approx. Rs 2 Crore to Rs 4 Crore if old GST rate of 12% (with ITC) is opted. Therefore, for benefit of allottees of IRWO’s on-going projects at Jaipur (Ph-III), Kota, Chennai-Ph-II-B) and Lucknow (Ph-IV) it has been decided to remain in the old GST regime.