GST on Builders 5%
Effective from 1st April 2019
The GST rate on under construction flats has been reduced to 5% of the total sale vale of the residential flat.
Plus the builder needs to procue GST Bill for 80 percent of all his expenses on the project.
The GST rate on under construction flats has been reduced to 5% of the total sale vale of the residential flat.
Plus the builder needs to procue GST Bill for 80 percent of all his expenses on the project.