GST rate on purchase of residential flat under construction

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..... GST rate on purchase of residential flat under construction
Query (Issue) Started By: - saraswati konka Dated:- 5-10-2018 Last Reply Date:- 22-10-2018 Goods and Services Tax - GST
Got 3 Replies .....

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GST
Dear Sir, We have purchased / booked a residential flat which was under construction say for 20 Lacs prior to GST. We also paid 5,00,000 lacs prior to GST along with service tax and vat a .....

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..... mounts. Now, the balance amount of 15,00,000 will have to be paid under GST regime. So the query is what would be the rate of GST on under construction residential flats. Request you to kindly guide .....

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..... on the same. Regards Reply By Vamsi Krishna: The Reply: Hi Rate of GST is 12% (after deemed deduction of 6% which is 1/3 of actual rate of 18%) Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I .....

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..... endorse the views of Shri Vamshi. Reply By Ganeshan Kalyani: The Reply: Under construction property attracts tax.
Discussion Forum - Knowledge Sharing .....

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