GST on Property In India
Best Builder Properties in Chennai LIVEHOMES.in What is GST on the basis of buying a Property? When buying a home, you must pay Goods and Service Tax, or GST. The GST affects real estate buyers and developers. The GST on Indian property depends on its kind, value, whether it’s under construction or ready to occupy, etc. In India, buyers of under-construction flats, apartments, and bungalows pay 1% GST for affordable housing and 5% GST for non-affordable housing. The GST applies to real estate land purchases. ________________________________________________________________________________________________________ What is the GST on property in India? GST on the purchase of a flat Taxes before the introduction of the GST Types of sta...