WebMay 7, 2024 · Low cost houses up to a carpet area of 60 .square metres per house in an affordable housing project, which has been given infrastructure status under notification F. No. 13/6/2009-INF, dated the 30th March, 2024 of MOF (DEA), attract concessional GST of 8% (the value of the undivided share of land is included in the price of the house). … WebAug 26, 2024 · 1. GST @ 1.5% (Effective rate 1% after deducting Land Cost) without ITC for affordable residential apartments. 2. GST @ 7.5% (Effective rate 5% after deducting Land Cost) without ITC for residential …
GST on Purchase of Property 2024- Complete Guide
WebAug 4, 2024 · 3. If residential house/property is given to a registered person for any purpose whether residential or commercial, GST shall be payable on RCM basis by way of Notification No. 05/2024-CT (Rate) dated 13.07.2024. Disclaimer: The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. It ... WebApr 26, 2024 · Type of Real Estate Property: GST Rate (in effect till 31st March 2024) GST Rate (from 1st April 2024 onwards) Residential Property (affordable housing segment) … the servant movie streaming
FAQs on the Real Estate Sector under GST / New GST rates on …
WebApr 13, 2024 · 30% for residents, 40% for non-. residents, 25% for individuals & HUF. 30% for residents, 40% for non-. residents, 25% for individuals & HUF. 194LC. Income by way of interest by an Indian specified company to a non- resident/foreign company on foreign currency approved loan/long-term. infrastructure bond ‘from outside India. WebMar 16, 2024 · As per the recommendation of the GST Council 18 % tax should be levied on buyers for building construction. However, for an under-construction property, the rate … WebNov 17, 2024 · These charges are mostly dependent upon the prevailing market rate of the property, expansion of city limits and property market performance. ... The stam duty will be calculated based on the flat price including GST price or excluding GST price ? Please reply. Reply. Aman October 21, 2024 11:00 AM. trainingsschema afvallen