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GST - Real estate sector

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Real estate sector is out of the ambit of GST.

We have rates for the new projects by promoters like:
1. 1% without ITC......
2. 5% without ITC ......

When real-estate sector is out of GST. What are these rates for?

Construction services by promoters??

please clarify...
Replies (3)

GST is applicable over under-construction properties; but not over the completed units  i.e. after receipt of completion certificate...

Thank you sir.....

Most Welcome ..                          


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