Real estate developers applaud the decision to cut GST rate on under-construction flats , affordable housing
NEW DELHI: Real estate players and National President, National Real Estate Development Council (NAREDCO) have welcomed the reduction in the goods and services tax (GST) rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent. Here’s what the realty major, NAREDCO have to say to about reduction […]
GST on under-construction flats slashed to 5%; affordable housing to attract 1%
NEW DELHI: In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. The Council also cut GST rates on affordable housing to 1 per cent from the current […]