GST on real estate under construction

Hello,

I have bought a new under construction home. As per the earlier GST regime, there was a GST was 12% for all and 8% for PMAY Eligible candidates.

Now, with the new GST regime, the government has made it optional to choose between the new 5% GST or the old 12%.

My promoter has opted to choose the old 12% GST. In that case, will I be eligible for the subsidized 8% GST for being PMAY eligible ?

Asked 5 years ago in GST

Yes if the project is registered under the PMAY scheme.

CA, Delhi

4846 Answers

1039 Consultations

5.0 on 5.0

The project must be covered under affordable housing scheme then only you will be eligible for subsidized 8% GST rate.

Thank you

CA, Jaipur

4273 Answers

97 Consultations

5.0 on 5.0

Yes, you will be eligible for subsidized GST rate of 8%.

CA, Mumbai

5687 Answers

910 Consultations

5.0 on 5.0

Hi,

Yes, you will be eligible for the subsidized 8% GST for being PMAY eligible.

CA, Mumbai

5188 Answers

289 Consultations

5.0 on 5.0

Hi,

Yes, you are eligible for the subsidized 8% GST.

CA, Jodhpur

2450 Answers

29 Consultations

5.0 on 5.0

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!