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Commercial Property attracts 12% GST under SAC code 995412. Calculate the exact tax below.
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Commercial Property is classified under SAC code 995412 for GST purposes. The Services Accounting Code (SAC) is used to classify services under GST. This code must be mentioned on GST invoices when billing for commercial property.
Under-construction commercial properties attract 12% GST with input tax credit. Completed commercial properties with occupancy certificate are exempt. Commercial rent attracts 18% GST.
Yes, input tax credit (ITC) is available on commercial property for registered businesses. If you purchase commercial property for business purposes, the GST paid (12%) can be claimed as ITC against your output tax liability, subject to conditions under Section 16 of the CGST Act.
Here are example calculations showing GST on commercial property at 12% for common price points:
| Base Price | GST (12%) | CGST (6%) | SGST (6%) | Total |
|---|---|---|---|---|
| ₹50,00,000 | ₹6,00,000 | ₹3,00,000 | ₹3,00,000 | ₹56,00,000 |
| ₹1,00,00,000 | ₹12,00,000 | ₹6,00,000 | ₹6,00,000 | ₹1,12,00,000 |
| ₹2,50,00,000 | ₹30,00,000 | ₹15,00,000 | ₹15,00,000 | ₹2,80,00,000 |
| ₹5,00,00,000 | ₹60,00,000 | ₹30,00,000 | ₹30,00,000 | ₹5,60,00,000 |
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Other items at 12% GST:
Commercial Property attracts 12% GST in India under SAC code 995412. For intra-state sales, this is split into 6% CGST and 6% SGST. For inter-state sales, 12% IGST applies.
The SAC code for Commercial Property is 995412. SAC (Services Accounting Code) is used to classify services under GST. This code should be mentioned on all GST invoices.
To add 12% GST on commercial property: GST Amount = Base Price × 12/100. Total = Base Price + GST Amount. For example, on ₹1,00,00,000: GST = ₹12,00,000, Total = ₹1,12,00,000.
Yes, registered businesses can claim input tax credit on commercial property purchased for business purposes. The 12% GST paid can be offset against your output GST liability, subject to Section 16 conditions of the CGST Act.
Under-construction commercial properties attract 12% GST with input tax credit. Completed commercial properties with occupancy certificate are exempt. Commercial rent attracts 18% GST.