Taxes

GST on property calculator.

Estimate the GST on a residential property purchase in India. GST applies only to under-construction homes; ready-to-move and resale properties are exempt.

Affordable = value up to Rs 45 lakh and carpet area up to 90 m² (non-metro like Nashik).

Estimated GST

GST rate5%
GST amountRs 0
Property + GSTRs 0

GST is charged without input tax credit.

How GST applies to property

Goods and Services Tax on residential property depends entirely on whether the home is still under construction when you buy it.

What makes a home "affordable"

For the 1% rate the home must be valued at up to Rs 45 lakh and have a carpet area within 60 square metres in metro cities or 90 square metres in non-metro cities. Nashik is non-metro, so the 90 square metre carpet-area limit applies alongside the Rs 45 lakh value cap.

No input tax credit

The 1% and 5% rates are charged without input tax credit, which means the GST you pay on the home cannot be claimed back. GST is separate from stamp duty and registration, which are always payable regardless of construction status.

Indicative estimate based on current GST rates for residential property. Rates and the affordable-housing definition can change, and commercial property is taxed differently. Confirm with the developer's tax invoice or a qualified professional.

Questions

What is the GST rate on under-construction property?

GST on under-construction property is 1% for affordable housing and 5% for other residential property, both without input tax credit.

Is GST charged on ready-to-move or resale property?

No. GST is not charged on a ready-to-move property that has received its completion certificate, or on a resale property. GST applies only while a property is still under construction.

What counts as affordable housing for the 1% GST rate?

Affordable housing means a home valued up to Rs 45 lakh with a carpet area up to 60 square metres in metro cities or 90 square metres in non-metro cities. Nashik is a non-metro city, so the 90 square metre limit applies.

Can I claim input tax credit on the GST I pay?

No. The current 1% and 5% GST rates on residential property are charged without input tax credit, so a home buyer cannot claim the GST paid as a credit.

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