Hi friends, Apart from that, Stamp duty and registration charges are outside the ambit of GST now because these are state levies while property tax is a municipal levy.
Yes, under revised notification from the government that the under-construction properties will be taxed at 18% which includes 9% SGST plus 9% CGST. The government has also allowed deduction of land value equivalent to one-third of the total amount charged by a developer, thus, making the effective tax rate as 12%.