GST on under construction property

- If your house falls into the category of affordable housing project then it is 8% otherwise 12%.

Dear Sir,

Hope you are doing well !!

The concessional rate of GST of 12 percent (effective rate of 8 percent after deducting one-third of the amount charged for the house towards the cost of land) is applicable for houses constructed or acquired under the CLSS for Economically Weaker Sections (EWS) / Lower Income Group (LIG) / Middle Income Group-1 (MlG-1) / Middle Income Group-2 (MlG-2) under the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (PMAY Urban). 

If your house falls under above categories then the rate is 8% otherwise 12%.

Hi,

The reduced rate of GST@8% is applicable only on housing projects in the affordable segment. Otherwise it is 12%.

Please check your property status.

8% is for affordable housing and if your project falls in that category then it's 8% otherwise it's 12%

Hi,

The reduced gst rate of 8% is applicable only on housing projects in the affordable segment. In other cases, GST rate is 12%.

Hi

8% rate applicable only if project falls under affordable housing project ,otherwise it will be 12%.

Hope it helps

Does your builder project fall under PMAY?

Please follow the below link for official notification

http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-01-2018-cgst-rate-english.pdf

The same was notified and published in the official gazette of India on 25.01.2018 by Ministry of Finance vide G.S.R. 69(E). dated 25.01.2018.

It came into effect from that date itself i.e. 25.01.2018.

The link of the official notification available as Gazette of India is as below:

http://egazette.nic.in/WriteReadData/2018/182325.pdf

Please consider the notification dated 25.01.2018