12% GST on dues if home completion certificate issued by Mar: Govt

Homebuyers must pay 12% GST on balance due to builders if the housing project has been granted completion certificate by March 31, the CBIC said. The GST Council in March allowed developers to shift to 5% GST rate for residential units and 1% for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.