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Under Construction Flat attracts 5% GST under SAC code 995411. Calculate the exact tax below.
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Under Construction Flat is classified under SAC code 995411 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 under construction flat.
Under-construction flats were at 12% GST with ITC until April 2019. The rate was reduced to 5% without ITC (1% for affordable housing under ₹45 lakh) from April 2019.
Input tax credit (ITC) is not available on under construction flat under the current GST framework. The 5% GST is charged without the option to claim credit on inputs. This was a deliberate policy decision to simplify compliance at the reduced rate.
Here are example calculations showing GST on under construction flat at 5% for common price points:
| Base Price | GST (5%) | CGST (2.5%) | SGST (2.5%) | Total |
|---|---|---|---|---|
| ₹25,00,000 | ₹1,25,000 | ₹62,500 | ₹62,500 | ₹26,25,000 |
| ₹50,00,000 | ₹2,50,000 | ₹1,25,000 | ₹1,25,000 | ₹52,50,000 |
| ₹75,00,000 | ₹3,75,000 | ₹1,87,500 | ₹1,87,500 | ₹78,75,000 |
| ₹1,00,00,000 | ₹5,00,000 | ₹2,50,000 | ₹2,50,000 | ₹1,05,00,000 |
More in Real Estate & Construction:
Other items at 5% GST:
Under Construction Flat attracts 5% GST in India under SAC code 995411. For intra-state sales, this is split into 2.5% CGST and 2.5% SGST. For inter-state sales, 5% IGST applies.
The SAC code for Under Construction Flat is 995411. SAC (Services Accounting Code) is used to classify services under GST. This code should be mentioned on all GST invoices.
To add 5% GST on under construction flat: GST Amount = Base Price × 5/100. Total = Base Price + GST Amount. For example, on ₹50,00,000: GST = ₹2,50,000, Total = ₹52,50,000.
No, input tax credit is not available on under construction flat under the current GST structure. The 5% GST rate applies without ITC benefit.
Under-construction flats were at 12% GST with ITC until April 2019. The rate was reduced to 5% without ITC (1% for affordable housing under ₹45 lakh) from April 2019.