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GST Rate on Under Construction Cooperative Housing Society

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Bejoy M

3 Points Posted on 25 March 2020

Dear All,

As per GST rate of 5% on Under contruction housing properties, can you please advice on the GST Rate of "Under Construction Cooperative Housing Society" flats??
https://cleartax.in/s/faqs-on-the-real-estate-sector-under-gst

Thanks and Regards,
BejoyM

Replies (2)

Quick Summary

This discussion seeks clarification on the applicable GST rate for flats in under-construction cooperative housing societies. Specifically, it questions whether the standard 5% GST rate for under-construction properties also applies to these types of housing societies. The value of the flat in question is £14 Lakhs.