gst on real estate business

Yes........... 12% GST over total cost including land

GST charges all under-construction properties at the rate of 18% on there two-third value which will

turn around to be 12% on the entire value of the property.Ready-to- move-in properties are kept out of

GST.Cement will be taxed at the rate of 28% while Iron rods and pillars used in the construction of

buildings is charged at the rate of 18% in GST.