GST rate on Housing sector
The GST tariff rate on Housing sector has been Revised as per GST council meet held on 24th February, 2019. The details of reduced GST rate on Housing sector is as follows:
Latest GST rate on Housing sector. Present GST rates on construction sector.
1.under construction properties or ready-to-move-in flats where completion certificate has not been issued at the time of sale (other than affordable housing segment): from 12% (with ITC) to 5% (without ITC)
GST rate before 31st March, 2019: 12%(with ITC)
Revised rate of GST w.e.f 01.04.2019: 5% (without ITC)
2. affordable housing segment: from 8% (with ITC) to 1% (without ITC)
GST rate before 31st March, 2019: 8%(with ITC)
Revised rate of GST w.e.f 01.04.2019: 1% (without ITC)
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