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GST News

GST on real estate: What it means for the homebuyer

Already bought a house? New GST rates may not apply to you  Developers can choose between the old and new GST rates for existing under-construction projects Any new under-construction project that is launched after 1 April will have to adhere to new GST rates The change Before the February GST Council meeting, the GST on…

GST on under-construction housing properties cut to 5%, affordable houses to 1%

Union and state governments on Sunday decided to lower Goods and Services Tax (GST) on under construction housing properties to 5% from an effective 12% in a pro-consumer decision ahead of national polls due by April-May. GST rate on affordable housing projects too has been lowered from an effective 8% to 1%. Under-construction properties priced upto Rs. 45 lakh…

No GST on affordable housing buyers

No GST on affordable housing buyers! Big step by Modi govt; here is what every flat buyer and builder must know. This is really a big step from Modi government. It will give a huge relief to affordable housing buyers. The Modi government has asked builders not to charge any GST from home buyers as the…

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