real estate gst

Sir,

Real estate transaction are suffered tax at the rate of 18%, but there is deemed fiction for 1/3 rd of the value is pertaining to land, hence rate of tax is 12% (ie, 2/3 rd of 18%)

Thanks

Sorry sir,

Actual rate is 12%, and 1/3 rd is value of land so effective rate is 8% (ie 2/3rd of 12%)

your contention is correct only

thanks

Sir,

Refer 

There clearly mentioned that, value of land is 1/3 rd of total consideration and applicable rate of tax is 18% (but it is ammended subsequently at present rate of tax is 12%)

Thanks