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    <title>GST rate on purchase of residential flat under construction</title>
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    <description>GST on under construction residential property is taxable and applies to amounts payable under the GST regime. The operative rate indicated is 12% after a deemed deduction of 6% (one third of 18%); pre GST payments are treated separately, while the outstanding balance is subject to GST at that rate.</description>
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      <title>GST rate on purchase of residential flat under construction</title>
      <link>https://www.taxtmi.com/forum/issue?id=114208</link>
      <description>GST on under construction residential property is taxable and applies to amounts payable under the GST regime. The operative rate indicated is 12% after a deemed deduction of 6% (one third of 18%); pre GST payments are treated separately, while the outstanding balance is subject to GST at that rate.</description>
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      <law>GST</law>
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