I am trying to understand how much GST i will be paying for a exercise business case in real estate development(Buy & Sell vs Buy & Hold); then what input tax credits can be availed as well how can Tax liabilities be reduced taking benefit on payments towards Debt.
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GST exercise business real estate
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| Property Type | Status | GST Rate | ITC Eligibility |
| Residential | Under-Construction | 1% or 5% | No |
| Residential | Ready-to-move | Exempt | N/A |
| Commercial | Under-Construction | 12% | Yes |
| Commercial | Ready-to-move | Exempt | N/A |
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