How much GST needs to pay by consumer to contractor on construction of Raw house?

Q: I have buyed land from developers project and on the same land, contract given to same builder for construction of Raw house. Construction cost is 22 lac. So how much GST do I need to pay to the builder.

Vishwas Humane,

21st February 2020

Property Tax in Nagpur

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Under-construction property priced up to Rs 40 lakh treated as affordable housing and will attract 1% GST without ITC. On the other hand, more than 45 lakh property cost will not treated as affordable housing and will attract 5% GST without input tax credit.

Jia, Ghaziabad

2nd March 2020

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Vishwas,
The GST on under-construction flats, which are not in the affordable housing segment, has been reduced to 5% without input tax credit (ITC) from 12% earlier with the ITC. Under-construction properties priced up to Rs 45 lakh will now be treated as affordable housing projects and will attract 1% GST without the ITC.

Arushisha, Mumbai

2nd March 2020

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