Information about GST on Buying Flats

Information about GST on Buying Flats

Learn about GST on buying flats, including tax rates, exemptions, and its impact on property prices. Stay informed to make a smart real estate investment

GST Rate on Residential Apartments

✅ GST @ 1%

• Applicable on flats priced up to ₹45 Lakhs
• Carpet area up to 90 sq. mt. (for non-metro cities)

✅ GST @ 5%

• Applicable on flats priced above ₹45 Lakhs
• Carpet area more than 90 sq. mt.

➡️ Important Considerations for Total Value Calculation:
Exclusions:
❌ GST
❌ Stamp Duty & Registration Fees
❌ Legal Charges

Inclusions:
✅ Preferential Location Charges
✅ Development Charges
✅ Parking Charges
✅ Common Facility Charges

Note:

• No GST applicable after receipt of occupancy certificate or first occupancy, whichever comes earlier.
• 90 sq. mt. carpet area limit applies to non-metro cities.

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