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QUESTION

what is the GST rate for under construction property. Rama group is asking for 8% @their Parkland RERA number P**********3 ?

By Paresh Patil   a week ago  22 views
 
 
 
 
 
 
 
ANSWERS (2)
 
 
 
 
ranjit rana a week ago
Hi Mr Patil! As per the new GST rate cut applicable from 1st April,2019, on GST on affordable under construction projects will be 1% and on premium and on mid segment under construction projects 5% GST will be charged. Also, the government has given builders an option to either opt for the new GST rates or continue with the old rates and avail the input tax credit benefit. Therefore, I would suggest you to check this with the builder once.
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Arun Kumar Srivat... Fully agree with you very nice answer
a week ago
 
 
 
 
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please consult local CA for advise on GST rate is decided by state Government also as stamp duty and taxes are depends upon state government laws also passed in vidhan Shabha o
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