GST Council Approves 5% Rate for Under Construction & 1% for Affordable Housing Properties

The 33rd Goods and Services Tax ( GST ) Council meeting in New Delhi has made some important decisions regarding the real estate sector. Reportedly, the Council has approved the lowest rate of 1% tax on the affordable houses, sources said. According to sources, the non-affordable houses will be charged at 5% GST without the input tax credit. The council […]

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