You need to pay GST to buy any goods or services nowadays. The same goes for commercial property. As far as I know, to purchase a commercial shop you need to pay 12% GST without ITC on total consideration. Take a look at the chart below:
| Type of Real Estate Property | GST Rate (in effect till 31st March 2019) | GST Rate (from 1st April 2019 onwards) |
| Residential Property (affordable housing segment) | 8% with Input Tax Credit (ITC) |
1% without ITC |
| Residential Property (non-affordable housing segment) | 12% with ITC |
5% without ITC |
| Commercial Properties | 12% with ITC |
12% with ITC (unchanged) |
I hope you find this helpful.
Read more:
What is the late fee for
gstreturn ?
Is HSN code mandatory for
gstR 1?
What is
gstSuvidha Kendra?
What is Inter state meaning in
gst?
Is
gstApplicable on Packing Charges?
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
How much GST I have to pay on Rs 10,000,00 commercial shop in a mall
Deependra
416 Views
1
3 Year
2022-07-12T12:01:20+00:00 2022-07-12T12:01:21+00:00Comment
Share