How much GST Rates cut on Under Construction Flats?

Asked on February 25, 2019 in Miscellaneous.
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1 Answer(s)

GST Council slashed tax rates on under construction properties or ready-to-move-in flats to 5% without input tax credit, from the existing 12% and housing segment has been reduced to 1% from 8%. The new tax rates will come into effect from April 1, 2019.

Answered on February 25, 2019.
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Gen GST