GST/ GST on property in India/ Indian property/ How to calculate GST on construction property/How much GST on residential property in India/Best law firm in Coimbatore/ Best advocates in Coimbatore/ Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. In India, Goods and Services Tax (GST) is a tax levied on the sale and purchase of goods and services. When it comes to property transactions, GST is applicable on the sale of under-construction properties and not on completed properties. Under the GST regime, the tax rate applicable to under-construction properties is 5%, which is lower than the earlier tax rate of 12%. However, the tax rate applicable on the sale of commercial properties and land remains at 18%. It is important to note that GST is not applicable to the sale of completed properties or resale properties, as they are considered immovable properties and not goods or services. In conclusion, property tax and GST on the property are important taxes levied on properties in India. Property tax is levied by the local government or municipality, whereas GST is applicable to under-construction properties. We at Saanvika Legal Associates offer various legal services such as Trust deeds, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property registration, Getting NOCs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.