Macro@Moneycontrol | GST relief for real estate

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Macro@Moneycontrol | GST relief for real estate

The GST Council on February 24 slashed tax rate on under-construction residential properties to 5 percent from the earlier 18 percent and for affordable houses to 1 percent from 8 percent.

The relief is likely to benefit homebuyers, real estate developers as well as housing finance companies.

Consumers have been complaining that the builders haven’t been passing the input tax credits hence the GST Council has done away with ITC.

Sakshi Batra gets in conversation with Moneycontrol Deputy Executive Editor, Gaurav Choudhury will to explain the extent of benefit.

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2019-03-02 22:34:32

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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