GST on houses under construction slashed to 5% https://ift.tt/2BKG26b

In a huge relief to home buyers, the GST council on Sunday decided to reduce the tax rate on under construction flats to 5 per cent. The council also decided to reduce the GST rate for affordable housing from 8 per cent to 1 per cent. The new tax rates will come into effect from April 1, 2019.
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