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Confused about GST on an under construction house? Here are all the details
- Date:
- May 8, 2019
- Source:
- Money Control
If you bought an apartment from a real estate developer in June 2018 and paid almost 40 percent of the value by March 31, 2019, what should be the rate of GST applicable on the remaining portion of your flat value? You are a beneficiary of the PMAY-CLSS scheme and the carpet area of your house under construction is 150 sq m. Are you eligible for the new GST rate of 1 percent? Finance Ministry's co…