Why this template?

Real estate developers charge GST on under-construction properties: 5% for affordable housing and 12% for other residential projects. Completed properties (after OC) are exempt. ITC is not available on construction inputs for residential projects.

Common HSN/SAC codes for Real Estate Developer

Code	Description	GST Rate
9972	Real estate services (under construction)	12%
9972	Affordable housing (carpet area ≤60sqm)	5%
9954	Works contract for construction	12%
9972	Renting of immovable commercial property	18%
9972	Real estate agent/broker services	18%

Sample line items

Booking advance for flat
Construction-linked instalment
Preferential location charges (PLC)
Car parking charges
Maintenance deposit (may be exempt)

Industry-specific notes

Affordable housing: carpet area ≤60 sqm in metros, ≤90 sqm elsewhere, value ≤₹45L — 5% GST
Other residential under-construction: 12% GST without ITC
Completed/ready-to-move property after Occupancy Certificate: exempt from GST
Commercial property rent: 18% GST (ITC available)
Broker/agent commission: 18% GST with SAC 9972