18% GST Charged By Builder On Flat

I am looking for buying a flat in Urban Greens Phase 2 -HIRA. The builder is asking for 18% GST. Is this right?

Answer (1)

Tanya Mahajan

  • Sector-1, Noida

As per the decision taken by the GST Council, the developers of residential projects which are incomplete as on March 31, 2019, will have the option either to choose the old structure with ITC or to shift to the new 5% and 1% rates, without ITC

Answered on 26 Mar 2020


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