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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