GST

Fundamentally, GST is paid by investors and home buyers while investing in under-construction properties. Before the implementation of GST, several taxes including VAT, stamp duty, service tax, registration charges, etc. had to be paid by home buyers. The current GST fees for residential property have been in force since April 2019. These rates had been decided at the 33rd GST council assembly which was held in February of the same year. In case you are either planning to buy or construct your property, it is better to understand the GST rates beforehand. The percentage of tax is a major factor in the exchange of money across the two parties. The transaction value is indirectly proportional to the tax value. We have recently shared these updates with a customer who is keen on Buy Villas in Vizag, and this has helped them make a clear decision on their investment.