Gst tax rate ready for occupation apartment

The Goods and Services Tax (GST) rate for new apartments depends on their completion status. If an apartment has obtained its occupancy certificate, no GST is applicable. However, if construction is ongoing, GST applies at 1% for affordable housing and 5% for non-affordable housing, provided construction began after May 1, 2018. For older projects not opting for the new rate, GST is 18%, effectively 12% after land deduction.