Page last updated:
Notification No. 03/2019-CT(R) Compliant
Real Estate GST Calculator
Determine exact GST liability for under-construction residential flats, affordable housing, commercial units, and ready-to-move properties with completion certificate.
1 sq. meter ≈ 10.764 sq. feet.
Effective Rate: 5% (Residential)
₹3,00,000
Total Goods and Services Tax Payable
Base Property Value: ₹60,00,000
Deemed Land Value (1/3rd Deduction): ₹20,00,000
Taxable Construction Value (2/3rd): ₹40,00,000
Total Final Outlay: ₹63,00,000
Frequently Asked Questions
Is GST applicable on ready-to-move flats with Completion Certificate (CC)?
No. Under Schedule III of the CGST Act, sale of land and sale of completed building where the entire consideration is received after the issuance of completion certificate (CC) or first occupation is outside the scope of GST (0% tax).
What qualifies as Affordable Housing for the 1% GST rate?
To qualify for the 1% effective GST rate without ITC, an apartment must have a carpet area of up to 60 sq. meters in metro cities (Delhi NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad) or up to 90 sq. meters in non-metro cities, AND total agreement price must not exceed ₹45 Lakhs.
How does the statutory 1/3rd land deduction work in real estate GST?
Under Notification No. 11/2017-Central Tax (Rate), one-third (33.33%) of the total agreement value is statutorily deemed as the cost of land. GST is levied only on the remaining two-thirds (66.67%) construction value, resulting in effective rates of 1% (nominal 1.5%), 5% (nominal 7.5%), and 12% (nominal 18%).
Can builders or home buyers claim Input Tax Credit (ITC) under the 5% scheme?
No. Under the real estate GST regime introduced via Notification No. 03/2019-Central Tax (Rate), residential builders must pay GST at concessional rates (1% or 5%) entirely in cash with zero ITC, meaning buyers cannot claim ITC.
What is the GST rate on commercial shops within a residential project (RREP)?
Commercial shops within a Residential Real Estate Project (RREP) where commercial carpet area does not exceed 15% of total project carpet area are taxed at 5% effective rate without ITC. Standalone commercial complexes attract 12% effective rate with full ITC.
Are stamp duty and registration fees calculated on price before or after GST?
Stamp duty and registration charges are state government levies calculated on the registered agreement value (or ready reckoner / circle rate, whichever is higher). Generally, stamp duty is computed on the property base price excluding GST.
Can a home buyer get a GST refund if an under-construction flat booking is cancelled?
Yes. Under CBIC Circular No. 188/20/2022-GST, unregistered home buyers can directly file for a refund of GST in Form GST RFD-01 under "Any other" category if the builder cancels the agreement and has not issued a credit note.
Does GST apply to secondary market (resale) property purchases?
No. Resale of completed properties between individuals does not attract GST because no construction service is being rendered and the property already has occupancy or completion certification.
What GST rate applies to Preferential Location Charges (PLC) and parking space?
Preferential Location Charges (PLC), club membership fees, and car parking charges collected by the builder form a composite supply bundled with the construction service, taxable at the principal rate (1% or 5%).
Does this real estate GST calculator store my property purchase figures?
No. All calculations regarding land deduction, affordable housing eligibility, and tax liabilities run entirely in your local browser. No financial data is saved or transmitted.