GST on Single Residential house

This discussion clarifies the Goods and Services Tax (GST) applicable to the construction and sale of a single residential house. For construction, the GST rate is generally 12%. However, if a house is sold after receiving its completion certificate, GST is exempted. If the sale occurs during construction, GST at 12% applies. The rate has changed over time, with a reduction to 5% from 12% before March 1, 2019, impacting payments made before and after that date.