8% GST instead of 12% GST on purchase of under construction flat

payment made to builder after 25.01.2018 will be liable for GST @8% if the project of the builder is registered under PMAY with the central authorities. You need to pay GST @8% and not 12% subject to the conditions. You will not get any refund after paying GST @12%

Hi,

If the builder's project is registered under PMAY, then you will have to pay GST @8% for the installments paid post 26 Jan 2018.

Further?, you want be liable for any penalties from GST authorities

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

Website of hudco and nhb

If the builder's project is approved for the scheme, you need to pay 8% GST only for all payments for after 26th Jan 2018.

No penalties involved.

You can check the same with hudco.

Hi,

There is no concept of refund of 4% GST after reduction of the same.

GST shall be charged at 8% from the date of notification for all the projects which are eligible and registered under PMAY and for specified categories viz. EWS, LIG, MIG-1, MIG-2.

If the project is not registered under PMAY, GST shall be charged by builder @12% only.

To know about registration of the same, builder should better tell you.

Regards,

You can find it on HUDCO's website.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

You can check on hudco website.

Ask the builder

Builder will assist you

As of now there is no online system of such checking. However, the projects are approved by National Housing Bank upon recommendation of State Level Nodal Agency (SLNA).

You may check the same through your SLNA for the same.