5% gst on under construction house - how it works?

No.

Applicable from 01.04.2019 for new purchases, but after official notification...

Thank you Sir for answering.

Also is 18% of GST on under construction correct amount? Or is it 12% only? 

Because some articles are saying 12%  - like this one 

 

https://www.moneycontrol.com/news/business/economy/gst-rates-under-construction-properties-to-attract-12-tax-2284599.H T M L

with effect from 1'04

Originally posted by : Priya Kashyap
	with effect from 1'04

Thanks Ma'am.. Pls also advice on the existing rate of GST, is it 12% or 18 % ?

Here one is saying 12%... 

So its confusing... 

https://twitter.com/cbic_india/status/973502602854907905?lang=en

https://commonmoney.home.blog/2019/02/24/gst-on-residential-properties/

Yep, it's true
The rate of GST on under-construction properties has been reduced to 5% GST from 12% GST

Hi, I am in the process of purchasing an under construction property. My agreement registration is not yet done. I have given a cheque of 10% amount to the builder recently. Which of the following will be true for my case: 1. I will be charged at 12% for the 10% payment I have already done and for remaining payments if they are done after 1st April then I will be charged at 5% for them, irrespective of the date on which I get my agreement registeres. 2. I will be charged at 5% for all payments if I ensure that my agreement is registered after 1st April, but will be charged at 12% if I register my agreement before 1st April even if my payments are to be done post 1st April. Regards, Rutvij

Dear Sir,

Is this GST rate cut is also applicable on Commercial Properties.

 

Thanks

Pankaj

@ Rutviz Oza ... For more clarification, wait for notification from CBIC. First option should be appropriate.

Better option take back the advance, and rebook it in April.2019.

	Is this GST rate cut is also applicable on Commercial Properties.

 

It should be; but confirmation only after Final notification from CBIC