Slashes in GST rate on under-construction residential properties – Boost to real estate sector
Slashes in GST rate on under-construction residential properties – Boost to real estate sector: On 24 February Goods and Services Tax (GST) Council slashed tax rate on under-construction residential properties, making the effective tax rate 5 percent for the normal category from an effective rate of 12 percent (standard rate of 18 percent less a …