The Savings from NO GST Homes

GST or Goods and Services Tax is an indirect tax used in India. It applies to real estate too — both commercial and residential — and can lead to added costs.

New GST rates were announced for homes. 1% for affordable housing projects and 5% for others — this was a significant reduction from the current 8% and 12% respectively.

GST savings can make a huge difference in your housing budget. Here’s how:

Save more on taxes

As mentioned above, during the pandemic the GST rates were lowered to help the real estate sector revive. The houses priced below ₹45 lakh are eligible for the concessional 1% tax rate on affordable houses.

Homes that fall above the ₹45 lakhs category would have to pay GST of about 5-12%. This reduced tax savings in itself is a boon.

Use initial savings to decorate home

The savings from your GST can be used for home decoration. For example, if you buy an apartment worth ₹65 lakh you would have to pay about ₹3-3.5 lakhs as GST (considering an approximate 5% rate).

However, if you buy a GST-FREE home, you would save this amount. So, now you have a great budget to decorate your home!

Use it to pay stamp duty

Stamp duty is another added expense when you buy a house. Across India, 5% to 7% of the total market value of the property is charged as stamp duty. About 1% is charged as a registration fee.

This amount is equivalent to that of GST. So, by investing in a GST-free home, you can prevent a huge dent in your budget and use the saved amount to pay stamp-duty!

Buy a better home

These days, the price gap between under-construction and completed projects has come down. As a result, it has become much more affordable to buy a ready-move-in apartment too.

Even a 3-4% difference matters! With GST-Free real estate, you can shift to a ready home instead of having to wait!

It also gives you the option to invest in a better home — in terms of locality, builder quality, etc. Of course, one can customize their home by opting for under-construction properties.

The savings from GST can be used to create a personalized home experience.

No GST or GST-FREE homes are a boon amidst this economic slowdown. This not only helps home-owners and home-buyers in multiple ways — but it also helps builders & developers get back on their feet post the pandemic.

Go ahead and don’t miss out on a good deal — because NOW is the right time to invest in a home!

This website

is just a teaser

of all that we do.

Get in touch with us to know Ark up close.

Call us at +91 40 2988 0313 / 14
or email us at info@arkgroup.in

fmovies f2movies moviesjoy primewire yesmovies swatchseries soup2day 123 series 123 series hd 123movies 0123movie watch tv shows online free watch tv shows online watch anime online free watch movies free online watch tv shows online free watch movies online myflixer flixtor watch series online soap2day watchmovieshd watchserieshd