Sir/ madam, I took loan and purchased a flat on dec 28, 2017. Also I applied for PMAY schene and it got approved Nd amnt was sanctioned in the month of March 2018. Builders are asking me to pay12% gst. I said under PMAY I am eligible for 8%, so why should I pay more. The auditor said them that as the flat was purchased in dec2017, it’s 12%, the 8% amendment has started from 25th jan 2018. So it’s not applicable. Is it true?? Am I eligible for 8% revised gst? It’s no where mentioned that it is applicable only for flats taken after 25th jan. please help me.. I need a reference to show dem dat it’s 8% under PMAY irrespective of the date of registration of flat( if 8% is applicable)
Hi,
If you have purchased the flat under PMAY scheme, then you are eligible for GST rate of 8%.
It's applicable from 22 August 2017. Kindly refer Notification No. 20/2017-Central Tax (Rate).
On 25 Jan 2018, this benefit was extended to clss scheme as well.
We can email you the notification if you need. Please drop in your email ID.
Hi,
Hope you are doing well !
Yes, you are eligible for 8% GST as mentioned in Notification no. 20/2017 applicable from 22 August, 2017.
On 25th Jan 2018, class scheme also included for benefit.
Thanks & Regards,
Payal Chhajed
Hi,
You are eligible for 8% GST as mentioned in Notification no. 20/2017 applicable from 22 August, 2017.
Regards,
Nikhil.
Hi
You are eligible for 8% GST since you are under PMAY scheme. The notification dated 25 Jan was for CLSS and not PMAY.
Send your email id for PMAY notification.
Hi,
Yes you are eligible for 8% GST as you purchased Property under PMAY scheme.
Thnx for the replies. I have an approval letter from d bank dated April 2018 saying “your subsidy amount under credit linked subsidy under PMAY has been sanctioned and wil be reflected in the emi”. (In application PMAY mig1 Nd 2 was mentioned). Wil the gst stil be 8% only? It’s effective from 25th jan for CLSS but is it for houses brought after this date? Or houses purchased before this date also can avail 8% gst? the house hasn’t been completed yet
All the houses purchase after Aug 2017 under PMAY scheme, are eligible for reduced GST rate of 8%.
Pls note that PMAY scheme and clss scheme are two different things.
Hi
Please note that PMAY and CLSS are two separate things. Don't miss both of them.
You're registered for PMAY, so notification dated 25th Jan is not applicable for you.
You're eligibe for 8% GST.
Hi,
Hope you are doing well !
PMAY and Class scheme, both are different things.
You are registered under PMAY. So 8% GST will be applicable.
Thanks & Regards,
Payal Chhajed
Please note that PMAY and CLSS are two separate things.
You're registered for PMAY and are eligibe for 8% GST.
Regards,
Nikhil.
It will be 8% only as payment to builder will be made after 25th Jan 2018 and the possession of property will also be handed over to you after 25th Jan.
